495,995 Shares in The AES Corporation (NYSE:AES) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in The AES Corporation (NYSE:AES - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 495,995 shares of the utilities provider's stock, valued at approximately $6,160,000. Edgestream Partners L.P. owned about 0.07% of AES at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC raised its stake in shares of AES by 4.5% during the first quarter. Bleakley Financial Group LLC now owns 50,841 shares of the utilities provider's stock worth $631,000 after buying an additional 2,180 shares during the last quarter. Corrado Advisors LLC raised its stake in shares of AES by 3.7% during the first quarter. Corrado Advisors LLC now owns 89,914 shares of the utilities provider's stock worth $1,117,000 after buying an additional 3,193 shares during the last quarter. A&I Financial Services LLC raised its stake in shares of AES by 64.4% during the first quarter. A&I Financial Services LLC now owns 46,744 shares of the utilities provider's stock worth $581,000 after buying an additional 18,305 shares during the last quarter. CWM LLC raised its stake in shares of AES by 88.4% during the first quarter. CWM LLC now owns 34,629 shares of the utilities provider's stock worth $430,000 after buying an additional 16,245 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of AES by 114.1% during the first quarter. Stephens Inc. AR now owns 710,831 shares of the utilities provider's stock worth $8,829,000 after buying an additional 378,819 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AES shares. HSBC decreased their price objective on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. 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 report on Friday, May 9th. JPMorgan Chase & Co. decreased their price objective on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company boosted their price objective on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Finally, Jefferies Financial Group cut 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 report on Tuesday, May 20th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Up 1.5%

Shares of AES stock traded up $0.19 on Friday, hitting $13.38. The company had a trading volume of 5,131,152 shares, compared to its average volume of 16,526,438. The firm has a market capitalization of $9.53 billion, a P/E ratio of 7.27, a P/E/G ratio of 1.75 and a beta of 0.95. The AES Corporation has a twelve month low of $9.46 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a 50-day moving average of $11.17 and a 200-day moving average of $11.22.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a net margin of 10.67% and a return on equity of 18.06%. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Research analysts predict that The AES Corporation will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.26%. The ex-dividend date is Friday, August 1st. AES's payout ratio is 38.04%.

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.