Arvest Investments Inc. Takes $1.77 Million Position in The AES Co. (NYSE:AES)

Arvest Investments Inc. purchased a new position in shares of The AES Co. (NYSE:AES - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 142,717 shares of the utilities provider's stock, valued at approximately $1,773,000.

Several other institutional investors also recently modified their holdings of AES. Central Asset Investments & Management Holdings HK Ltd acquired a new position in AES during the fourth quarter valued at approximately $489,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in AES by 47.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider's stock valued at $946,000 after purchasing an additional 23,764 shares during the period. RWC Asset Management LLP acquired a new position in AES during the fourth quarter valued at approximately $4,762,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in AES by 27.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,030,356 shares of the utilities provider's stock valued at $26,131,000 after purchasing an additional 434,356 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in AES by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider's stock valued at $61,220,000 after purchasing an additional 249,486 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Stock Up 0.8%

AES traded up $0.09 during trading on Thursday, reaching $11.57. 18,361,255 shares of the stock were exchanged, compared to its average volume of 12,756,361. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock's 50 day moving average price is $10.57 and its two-hundred day moving average price is $11.52. The AES Co. has a twelve month low of $9.46 and a twelve month high of $20.30. The stock has a market cap of $8.24 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96.

AES (NYSE:AES - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.10). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The company's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Equities analysts expect that The AES Co. will post 1.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AES shares. Susquehanna decreased their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Mizuho cut their price target on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Citigroup cut their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, HSBC cut their price target on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.22.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.