Janney Montgomery Scott LLC Purchases 64,577 Shares of The AES Corporation (NYSE:AES)

Janney Montgomery Scott LLC raised its stake in shares of The AES Corporation (NYSE:AES - Free Report) by 65.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,526 shares of the utilities provider's stock after buying an additional 64,577 shares during the quarter. Janney Montgomery Scott LLC's holdings in AES were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AES. SRS Capital Advisors Inc. grew its holdings in AES by 190.3% during 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 in the last quarter. Optiver Holding B.V. lifted its position in shares of AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after purchasing an additional 1,201 shares during the last quarter. WR Wealth Planners LLC lifted its position in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares during the last quarter. CVA Family Office LLC lifted its position in shares of AES by 200.6% during the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock worth $40,000 after purchasing an additional 2,169 shares during the last quarter. Finally, McIlrath & Eck LLC raised its holdings in shares of AES by 760.4% in the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 2,958 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on AES. HSBC cut their target price on AES from $15.00 to $14.00 in a research note on Monday, May 5th. Wall Street Zen downgraded AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Argus reaffirmed a "hold" rating on shares of AES in a report on Tuesday, May 27th. JPMorgan Chase & Co. decreased their price target on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Seaport Res Ptn downgraded AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, AES presently has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Up 3.1%

Shares of AES opened at $10.83 on Friday. 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 AES Corporation has a one year low of $9.46 and a one year high of $20.30. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 1.40 and a beta of 0.96. The stock has a 50 day moving average price of $10.64 and a 200 day moving average price of $11.34.

AES (NYSE:AES - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) 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 analysts' expectations 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 in the previous year, the company earned $0.60 earnings per share. Equities research analysts forecast that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

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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