The AES Corporation (NYSE:AES) Shares Bought by Rock Point Advisors LLC

Rock Point Advisors LLC lifted its holdings in shares of The AES Corporation (NYSE:AES - Free Report) by 10.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 924,172 shares of the utilities provider's stock after acquiring an additional 85,690 shares during the period. AES makes up about 3.5% of Rock Point Advisors LLC's investment portfolio, making the stock its 5th biggest position. Rock Point Advisors LLC owned 0.13% of AES worth $11,478,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in AES by 83.0% in the fourth quarter. Jones Financial Companies Lllp now owns 15,124 shares of the utilities provider's stock valued at $195,000 after buying an additional 6,860 shares during the period. Keybank National Association OH acquired a new position in AES during the fourth quarter worth approximately $160,000. Atria Investments Inc increased its position in AES by 28.7% during the fourth quarter. Atria Investments Inc now owns 111,413 shares of the utilities provider's stock worth $1,434,000 after acquiring an additional 24,860 shares during the period. M&T Bank Corp raised its holdings in shares of AES by 20.5% during the 4th quarter. M&T Bank Corp now owns 66,766 shares of the utilities provider's stock worth $859,000 after buying an additional 11,336 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of AES during the fourth quarter worth about $402,000. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

Shares of AES stock traded down $0.85 during trading hours on Thursday, hitting $12.41. 35,364,089 shares of the company's stock were exchanged, compared to its average volume of 13,733,386. 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 firm has a market cap of $8.83 billion, a P/E ratio of 6.98, a P/E/G ratio of 1.78 and a beta of 0.95. 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 50 day moving average of $10.86 and a two-hundred day moving average of $11.23.

AES (NYSE:AES - Get Free Report) last posted 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 company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. AES had a net margin of 10.67% and a return on equity of 18.06%. AES's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Sell-side analysts forecast that The AES Corporation will post 1.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AES. Citigroup decreased their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Wall Street Zen downgraded AES from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Jefferies Financial Group cut shares of AES from a "hold" rating to an "underperform" rating and decreased their price target for the stock from $10.00 to $9.00 in a report on Tuesday, May 20th. Argus restated a "hold" rating on shares of AES in a research note on Tuesday, May 27th. Finally, HSBC decreased their price objective on AES from $15.00 to $14.00 in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.22.

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.