Toronto Dominion Bank Sells 59,322 Shares of The AES Co. (NYSE:AES)

Toronto Dominion Bank trimmed its position in shares of The AES Co. (NYSE:AES - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 239,950 shares of the utilities provider's stock after selling 59,322 shares during the quarter. Toronto Dominion Bank's holdings in AES were worth $3,088,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AES. Point72 Asset Management L.P. acquired a new stake in AES during the 4th quarter worth $121,627,000. FMR LLC raised its holdings in AES by 19.5% in the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock valued at $632,865,000 after buying an additional 8,027,426 shares during the period. Ameriprise Financial Inc. grew its position in AES by 35.7% in the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock valued at $367,499,000 after acquiring an additional 7,519,129 shares in the last quarter. Invesco Ltd. grew its position in AES by 64.2% in the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock valued at $205,261,000 after acquiring an additional 6,238,087 shares in the last quarter. Finally, Sound Shore Management Inc. CT acquired a new position in shares of AES during the fourth quarter worth about $69,083,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AES shares. Susquehanna lowered their price target on AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group cut AES from a "hold" rating to an "underperform" rating and cut their price target for the stock from $10.00 to $9.00 in a research note on Tuesday, May 20th. Wall Street Zen cut AES from a "hold" rating to a "sell" rating in a research report on Saturday. JPMorgan Chase & Co. lowered their target price on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Seaport Res Ptn lowered AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Down 4.0%

Shares of AES traded down $0.41 during midday trading on Wednesday, hitting $9.67. The stock had a trading volume of 4,925,861 shares, compared to its average volume of 12,385,035. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The company has a 50 day simple moving average of $10.98 and a two-hundred day simple moving average of $11.74. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The AES Co. has a twelve month low of $9.46 and a twelve month high of $22.21.

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 analysts' consensus estimates of $0.37 by ($0.10). AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company's revenue for the quarter was down 5.2% on a year-over-year basis. On average, analysts anticipate that The AES Co. will post 1.93 EPS for the current year.

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.