Janney Montgomery Scott LLC Purchases 244,973 Shares of The AES Co. (NYSE:AES)

Janney Montgomery Scott LLC increased its position in The AES Co. (NYSE:AESFree Report) by 729.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,575 shares of the utilities provider’s stock after purchasing an additional 244,973 shares during the period. Janney Montgomery Scott LLC’s holdings in AES were worth $4,995,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New Century Financial Group LLC purchased a new position in AES in the 1st quarter worth about $1,235,000. Douglas Lane & Associates LLC raised its position in AES by 2.7% in the 1st quarter. Douglas Lane & Associates LLC now owns 3,559,999 shares of the utilities provider’s stock worth $63,831,000 after buying an additional 91,990 shares during the last quarter. Point72 Asset Management L.P. raised its position in AES by 5.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,783,800 shares of the utilities provider’s stock worth $72,838,000 after buying an additional 204,448 shares during the last quarter. Goldman Sachs Group Inc. raised its position in AES by 70.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider’s stock worth $124,008,000 after buying an additional 2,670,001 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in AES by 33.3% in the 1st quarter. BNP Paribas Financial Markets now owns 794,793 shares of the utilities provider’s stock worth $14,251,000 after buying an additional 198,360 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Trading Up 1.4 %

Shares of NYSE:AES opened at $17.92 on Thursday. The AES Co. has a 12-month low of $11.43 and a 12-month high of $22.60. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The company has a market cap of $12.74 billion, a PE ratio of 24.89 and a beta of 1.08. The stock has a 50 day moving average of $19.61 and a 200 day moving average of $17.96.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on AES shares. Argus reaffirmed a “buy” rating and set a $25.00 price target on shares of AES in a research report on Tuesday, March 26th. Barclays upped their price target on shares of AES from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 price target on shares of AES in a research report on Monday, March 25th. Seaport Res Ptn lowered shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of AES in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AES has an average rating of “Moderate Buy” and an average target price of $22.88.

Get Our Latest Stock Analysis on AES

AES Company Profile

(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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