Douglas Lane & Associates LLC Buys 189,503 Shares of The AES Co. (NYSE:AES)

Douglas Lane & Associates LLC grew its position in shares of The AES Co. (NYSE:AES - Free Report) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,730,706 shares of the utilities provider's stock after acquiring an additional 189,503 shares during the quarter. Douglas Lane & Associates LLC owned about 0.52% of AES worth $46,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AES. PFG Investments LLC acquired a new stake in AES during the fourth quarter worth about $141,000. Caprock Group LLC acquired a new stake in shares of AES in the fourth quarter valued at about $165,000. Tritonpoint Wealth LLC grew its stake in shares of AES by 18.7% in the fourth quarter. Tritonpoint Wealth LLC now owns 306,877 shares of the utilities provider's stock valued at $3,950,000 after buying an additional 48,287 shares in the last quarter. River Street Advisors LLC grew its stake in shares of AES by 26.5% in the fourth quarter. River Street Advisors LLC now owns 23,078 shares of the utilities provider's stock valued at $297,000 after buying an additional 4,838 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of AES by 3.4% in the fourth quarter. Yousif Capital Management LLC now owns 93,674 shares of the utilities provider's stock valued at $1,206,000 after buying an additional 3,049 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AES has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen lowered AES from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Bank of America upgraded AES from an "underperform" rating to a "neutral" rating and increased their target price for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group lowered AES from a "hold" rating to an "underperform" rating and lowered their price objective for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Performance

AES stock traded up $0.10 during trading hours on Tuesday, hitting $10.28. The stock had a trading volume of 10,548,297 shares, compared to its average volume of 12,515,954. The company has a 50-day moving average of $10.76 and a two-hundred day moving average of $11.62. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The company has a market cap of $7.32 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a fifty-two week low of $9.46 and a fifty-two week high of $21.12.

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

AES Company 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.