Intact Investment Management Inc. Grows Stock Holdings in The AES Corporation (NYSE:AES)

Intact Investment Management Inc. lifted its stake in The AES Corporation (NYSE:AES - Free Report) by 19.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,200 shares of the utilities provider's stock after purchasing an additional 80,600 shares during the period. Intact Investment Management Inc. owned approximately 0.07% of AES worth $6,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Garde Capital Inc. acquired a new stake in shares of AES in the first quarter valued at about $35,000. Carret Asset Management LLC lifted its stake in shares of AES by 12.4% in the first quarter. Carret Asset Management LLC now owns 136,250 shares of the utilities provider's stock valued at $1,692,000 after purchasing an additional 15,033 shares during the period. Good Steward Wealth Advisors LLC acquired a new stake in shares of AES in the first quarter valued at about $195,000. OLD Second National Bank of Aurora lifted its stake in shares of AES by 13.8% in the first quarter. OLD Second National Bank of Aurora now owns 98,465 shares of the utilities provider's stock valued at $1,223,000 after purchasing an additional 11,917 shares during the period. Finally, River Street Advisors LLC lifted its stake in shares of AES by 22.8% in the first quarter. River Street Advisors LLC now owns 28,334 shares of the utilities provider's stock valued at $352,000 after purchasing an additional 5,256 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AES shares. Wall Street Zen cut shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. cut their target price on shares of AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Mizuho cut their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Argus restated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Finally, HSBC cut their target price on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.22.

AES Trading Down 1.0%

Shares of NYSE:AES traded down $0.11 during trading on Friday, reaching $10.42. The stock had a trading volume of 18,135,665 shares, compared to its average volume of 12,997,226. The business has a fifty day moving average price of $10.62 and a 200-day moving average price of $11.39. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 3.42. The stock has a market cap of $7.41 billion, a P/E ratio of 5.66, a PEG ratio of 1.39 and a beta of 0.96. The AES Corporation has a fifty-two week low of $9.46 and a fifty-two week high of $20.30.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). AES had a net margin of 10.67% and a return on equity of 18.06%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. AES's revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, analysts anticipate that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

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.