Cambridge Investment Research Advisors Inc. Has $1.15 Million Stake in The AES Corporation (NYSE:AES)

Cambridge Investment Research Advisors Inc. increased its stake in shares of The AES Corporation (NYSE:AES - Free Report) by 49.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,318 shares of the utilities provider's stock after acquiring an additional 30,363 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in AES were worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AES. Proficio Capital Partners LLC acquired a new stake in AES in the 4th quarter valued at $402,000. SRS Capital Advisors Inc. increased its stake in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares during the last quarter. Jones Financial Companies Lllp increased its stake in AES by 83.0% in the 4th quarter. Jones Financial Companies Lllp now owns 15,124 shares of the utilities provider's stock valued at $195,000 after buying an additional 6,860 shares during the last quarter. State of Michigan Retirement System increased its stake in AES by 5.2% in the 4th quarter. State of Michigan Retirement System now owns 203,695 shares of the utilities provider's stock valued at $2,622,000 after buying an additional 10,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in AES by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,879,259 shares of the utilities provider's stock valued at $88,536,000 after buying an additional 185,020 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Performance

Shares of AES stock opened at $11.47 on Friday. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 1.54 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The company has a 50-day simple moving average of $10.76 and a 200 day simple moving average of $11.24. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm earned $0.60 EPS. AES's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts predict that The AES Corporation will post 1.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Argus reiterated a "hold" rating on shares of AES in a research note on Tuesday, May 27th. HSBC decreased their price objective on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Wall Street Zen downgraded shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Jefferies Financial Group downgraded shares of AES from a "hold" rating to an "underperform" rating and decreased their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. Finally, Citigroup decreased their price objective on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, AES presently has an average rating of "Moderate Buy" and a consensus price target of $24.22.

About AES

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.

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