Toronto Dominion Bank Trims Holdings in The AES Co. (NYSE:AES)

Toronto Dominion Bank cut its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 239,950 shares of the utilities provider's stock after selling 59,322 shares during the period. Toronto Dominion Bank's holdings in AES were worth $3,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stephens Inc. AR lifted its stake in shares of AES by 67.1% during the fourth quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock worth $4,273,000 after buying an additional 133,308 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of AES in the fourth quarter valued at about $489,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of AES by 47.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider's stock valued at $946,000 after purchasing an additional 23,764 shares during the period. RWC Asset Management LLP acquired a new stake in shares of AES in the fourth quarter valued at about $4,762,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of AES by 27.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,030,356 shares of the utilities provider's stock valued at $26,131,000 after purchasing an additional 434,356 shares during the period. 93.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AES has been the topic of several research analyst reports. Wall Street Zen lowered shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday. Barclays lowered their price target on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Citigroup lowered their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. Finally, Susquehanna lowered their price target on shares of AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.22.

AES Trading Up 0.6%

NYSE:AES traded up $0.06 on Tuesday, hitting $10.05. The stock had a trading volume of 8,499,791 shares, compared to its average volume of 12,392,489. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.82 and a beta of 0.94. The company has a fifty day moving average price of $11.04 and a two-hundred day moving average price of $11.75. The AES Co. has a 1-year low of $9.46 and a 1-year high of $22.21.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities research analysts expect that The AES Co. will post 1.93 earnings per share for the current fiscal 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.