The AES Co. (NYSE:AES) Shares Acquired by Community Trust & Investment Co.

Community Trust & Investment Co. boosted its stake in The AES Co. (NYSE:AES - Free Report) by 37.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 291,418 shares of the utilities provider's stock after acquiring an additional 79,355 shares during the quarter. Community Trust & Investment Co.'s holdings in AES were worth $3,619,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of AES during the fourth quarter worth about $489,000. RWC Asset Management LLP purchased a new stake in AES during the 4th quarter worth approximately $4,762,000. Bank of New York Mellon Corp raised its holdings in shares of AES by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider's stock valued at $61,220,000 after acquiring an additional 249,486 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AES by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,879,259 shares of the utilities provider's stock valued at $88,536,000 after acquiring an additional 185,020 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of AES in the fourth quarter worth approximately $538,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AES shares. Wells Fargo & Company raised their price objective on AES from $108.00 to $112.00 in a report on Friday, May 2nd. Susquehanna decreased their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. 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 note on Thursday, April 24th. Argus reiterated a "hold" rating on shares of AES in a report on Tuesday, May 27th. Finally, HSBC lowered their target price on AES from $15.00 to $14.00 in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Trading Down 0.7%

AES opened at $11.46 on Monday. The stock has a market capitalization of $8.16 billion, a PE ratio of 7.95, a P/E/G ratio of 0.82 and a beta of 0.96. The AES Co. has a one year low of $9.46 and a one year high of $20.30. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The business's 50 day moving average price is $10.61 and its 200 day moving average price is $11.48.

AES (NYSE:AES - Get Free Report) last announced 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). The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The business's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. As a group, equities research analysts expect that The AES Co. will post 1.93 EPS for the current year.

AES Company 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.

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