Tritonpoint Wealth LLC Acquires 59,806 Shares of The AES Co. (NYSE:AES)

Tritonpoint Wealth LLC grew its holdings in shares of The AES Co. (NYSE:AES - Free Report) by 19.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 366,683 shares of the utilities provider's stock after purchasing an additional 59,806 shares during the period. Tritonpoint Wealth LLC owned approximately 0.05% of AES worth $4,554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SRS Capital Advisors Inc. lifted its holdings in shares of AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares during the period. Optiver Holding B.V. grew its position in AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after buying an additional 1,201 shares during the last quarter. WR Wealth Planners LLC raised its position in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares during the period. CVA Family Office LLC increased its position in shares of AES by 200.6% in the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock worth $40,000 after acquiring an additional 2,169 shares in the last quarter. Finally, McIlrath & Eck LLC raised its position in AES by 760.4% during the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock valued at $43,000 after buying an additional 2,958 shares during the period. Institutional investors own 93.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AES shares. Citigroup cut their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group lowered shares of AES from a "hold" rating to an "underperform" rating and lowered their target price for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Mizuho lowered their target price on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Wall Street Zen downgraded shares of AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Susquehanna lowered their price target on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Three equities 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, AES has a consensus rating of "Moderate Buy" and an average target price of $24.22.

AES Price Performance

AES stock traded down $0.94 on Tuesday, reaching $10.52. The company's stock had a trading volume of 28,129,920 shares, compared to its average volume of 12,896,055. The AES Co. has a twelve month low of $9.46 and a twelve month high of $20.30. The business's fifty day moving average price is $10.64 and its 200 day moving average price is $11.47. 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 company has a market cap of $7.49 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 0.82 and a beta of 0.96.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The company's revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Equities analysts expect that The AES Co. will post 1.93 earnings per share for the current fiscal 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.