International Assets Investment Management LLC Increases Stake in The AES Corporation (NYSE:AES)

International Assets Investment Management LLC increased its stake in The AES Corporation (NYSE:AES - Free Report) by 137.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,068 shares of the utilities provider's stock after purchasing an additional 34,178 shares during the period. International Assets Investment Management LLC's holdings in AES were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Legacy Advisors LLC purchased a new stake in shares of AES during the first quarter valued at $162,000. Oppenheimer & Co. Inc. lifted its position in AES by 20.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 127,854 shares of the utilities provider's stock worth $1,588,000 after acquiring an additional 21,902 shares during the period. Oppenheimer Asset Management Inc. grew its stake in AES by 23.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 689,534 shares of the utilities provider's stock valued at $8,564,000 after purchasing an additional 129,782 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of AES by 660.6% in the first quarter. Continuum Advisory LLC now owns 4,092 shares of the utilities provider's stock worth $51,000 after purchasing an additional 3,554 shares during the last quarter. Finally, TrueMark Investments LLC acquired a new stake in shares of AES during the first quarter worth about $143,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

AES Price Performance

AES traded up $0.33 during trading on Thursday, hitting $10.83. The company's stock had a trading volume of 11,121,058 shares, compared to its average volume of 13,064,241. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 5.88, a P/E/G ratio of 1.40 and a beta of 0.96. The business's fifty day simple moving average is $10.63 and its 200 day simple moving average is $11.36. The AES Corporation has a twelve month low of $9.46 and a twelve month high of $20.30.

AES (NYSE:AES - Get Free Report) last issued 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 return on equity of 18.06% and a net margin of 10.67%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the firm posted $0.60 EPS. AES's revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that The AES Corporation will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup reduced their price target 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. Mizuho reduced their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Argus reaffirmed a "hold" rating on shares of AES in a report on Tuesday, May 27th. Bank of America upgraded AES from an "underperform" rating to a "neutral" rating and lifted their price objective 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 dropped their target price for the stock from $10.00 to $9.00 in a report on Tuesday, May 20th. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.