Orion Portfolio Solutions LLC Purchases New Shares in The AES Co. (NYSE:AES)

Orion Portfolio Solutions LLC bought a new stake in The AES Co. (NYSE:AESFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,139 shares of the utilities provider’s stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of AES by 38.6% in the third quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock valued at $559,689,000 after acquiring an additional 10,256,781 shares during the period. Electron Capital Partners LLC raised its stake in shares of AES by 9.3% in the third quarter. Electron Capital Partners LLC now owns 8,060,064 shares of the utilities provider’s stock valued at $122,513,000 after acquiring an additional 686,719 shares during the period. Invesco Ltd. raised its stake in shares of AES by 24.2% in the third quarter. Invesco Ltd. now owns 7,611,339 shares of the utilities provider’s stock valued at $115,692,000 after acquiring an additional 1,484,052 shares during the period. Northern Trust Corp raised its stake in shares of AES by 0.5% in the third quarter. Northern Trust Corp now owns 6,108,260 shares of the utilities provider’s stock valued at $92,846,000 after acquiring an additional 29,488 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of AES by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,053,860 shares of the utilities provider’s stock valued at $116,537,000 after acquiring an additional 325,564 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of AES in a report on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $25.00 price target on shares of AES in a report on Monday, March 25th. Seaport Res Ptn cut shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Argus restated a “buy” rating and issued a $25.00 price target on shares of AES in a report on Tuesday, March 26th. Finally, Barclays cut their price target on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, AES has an average rating of “Hold” and a consensus price target of $22.50.

Read Our Latest Stock Analysis on AES

AES Stock Performance

AES stock opened at $20.87 on Thursday. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 28.97 and a beta of 1.11. The firm has a 50-day simple moving average of $18.87 and a two-hundred day simple moving average of $17.81. The AES Co. has a one year low of $11.43 and a one year high of $22.60. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78.

AES (NYSE:AESGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.34 by $0.16. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.20 billion. AES had a net margin of 4.40% and a return on equity of 36.23%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, equities analysts forecast that The AES Co. will post 1.91 EPS for the current fiscal year.

About AES

(Free Report)

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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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