The AES Co. (NYSE:AES) Stock Position Reduced by TD Asset Management Inc

TD Asset Management Inc trimmed its position in The AES Co. (NYSE:AESFree Report) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,599 shares of the utilities provider’s stock after selling 38,842 shares during the quarter. TD Asset Management Inc’s holdings in AES were worth $3,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Glassman Wealth Services grew its holdings in shares of AES by 186.1% during the fourth quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,254 shares during the last quarter. Private Trust Co. NA grew its stake in AES by 68.8% during the 4th quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock worth $51,000 after buying an additional 1,088 shares during the last quarter. Principal Securities Inc. acquired a new stake in AES in the fourth quarter worth $57,000. Allworth Financial LP lifted its stake in AES by 133.7% in the fourth quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock valued at $60,000 after buying an additional 1,779 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of AES by 267.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 2,611 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Stock Performance

Shares of AES opened at $20.37 on Friday. The AES Co. has a 12-month low of $11.43 and a 12-month high of $22.60. The stock has a market capitalization of $14.48 billion, a P/E ratio of 28.29 and a beta of 1.11. The firm’s 50 day moving average is $18.94 and its 200-day moving average is $17.83. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.78 and a quick ratio of 0.71.

AES (NYSE:AESGet Free Report) last announced its 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 the consensus estimate of $3.20 billion. AES had a return on equity of 36.23% and a net margin of 4.40%. AES’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Equities research analysts anticipate that The AES Co. will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on AES shares. Argus reiterated a “buy” rating and issued a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. Seaport Res Ptn downgraded AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Barclays lowered their target price on AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. UBS Group reduced their price target on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of AES in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.50.

Check Out Our Latest Stock Analysis on AES

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.

Featured Articles

Want to see what other hedge funds are holding AES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The AES Co. (NYSE:AESFree Report).

Institutional Ownership by Quarter for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.