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

Toronto Dominion Bank trimmed its position in shares of The AES Co. (NYSE:AES - Free Report) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other large investors also recently modified their holdings of AES. Exchange Traded Concepts LLC lifted its stake in shares of AES by 75.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 34,411 shares of the utilities provider's stock valued at $443,000 after buying an additional 14,806 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of AES in the 4th quarter worth about $141,000. Coastwise Capital Group LLC bought a new position in AES in the 4th quarter valued at about $146,000. Caprock Group LLC acquired a new position in AES during the 4th quarter valued at about $165,000. Finally, Tritonpoint Wealth LLC raised its stake in shares of AES by 18.7% in the fourth quarter. Tritonpoint Wealth LLC now owns 306,877 shares of the utilities provider's stock worth $3,950,000 after purchasing an additional 48,287 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group cut AES from a "hold" rating to an "underperform" rating and cut their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. HSBC decreased their target price on AES from $15.00 to $14.00 in a research report on Monday, May 5th. Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Finally, Susquehanna decreased their price objective on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.22.

AES Stock Performance

NYSE AES traded up $0.09 during trading on Monday, hitting $10.18. 12,768,688 shares of the company's stock traded hands, compared to its average volume of 12,501,914. 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 stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.82 and a beta of 0.94. The AES Co. has a 12-month low of $9.46 and a 12-month high of $21.82. The business has a 50 day moving average of $10.80 and a 200-day moving average of $11.64.

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 analysts' consensus estimates of $0.37 by ($0.10). AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The business's quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate 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.