M&T Bank Corp Has $1.71 Million Stock Position in The AES Corporation (NYSE:AES)

M&T Bank Corp boosted its holdings in shares of The AES Corporation (NYSE:AES - Free Report) by 105.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,277 shares of the utilities provider's stock after purchasing an additional 70,511 shares during the period. M&T Bank Corp's holdings in AES were worth $1,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AES. Optiver Holding B.V. raised its stake in shares of AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 1,201 shares during the last quarter. Garde Capital Inc. bought a new position in shares of AES in the first quarter valued at approximately $35,000. CVA Family Office LLC raised its stake in shares of AES by 200.6% in the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 2,169 shares during the last quarter. McIlrath & Eck LLC raised its stake 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 during the last quarter. Finally, Rothschild Investment LLC raised its stake in shares of AES by 235.4% in the first quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 2,523 shares during the last quarter. Institutional investors own 93.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AES. Wells Fargo & Company lifted their target price on shares of AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and dropped their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. Argus restated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Citigroup dropped their price objective 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. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, AES has an average rating of "Moderate Buy" and a consensus price target of $24.22.

AES Trading Down 0.8%

AES traded down $0.11 during trading on Monday, reaching $12.49. 2,839,686 shares of the company's stock were exchanged, compared to its average volume of 13,784,719. The company's fifty day moving average price is $10.96 and its 200-day moving average price is $11.20. 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 fifty-two week low of $9.46 and a fifty-two week high of $20.30. The firm has a market capitalization of $8.89 billion, a PE ratio of 6.83, a P/E/G ratio of 1.69 and a beta of 0.95.

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

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.64%. AES's dividend payout ratio is presently 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.