Amalgamated Bank Sells 1,495 Shares of The AES Corporation (NYSE:AES)

Amalgamated Bank decreased its position in The AES Corporation (NYSE:AES) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,942 shares of the utilities provider’s stock after selling 1,495 shares during the period. Amalgamated Bank’s holdings in AES were worth $1,688,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AES. Avidian Wealth Enterprises LLC grew its stake in shares of AES by 71.4% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 26,010 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 10,839 shares during the period. 3Chopt Investment Partners LLC bought a new stake in AES during the 1st quarter worth approximately $1,134,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in AES by 15.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,759 shares of the utilities provider’s stock worth $1,064,000 after buying an additional 11,585 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in AES by 127.6% during the 1st quarter. Phillips Wealth Planners LLC now owns 23,746 shares of the utilities provider’s stock worth $295,000 after buying an additional 13,312 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in AES by 141.0% during the 1st quarter. Perigon Wealth Management LLC now owns 66,841 shares of the utilities provider’s stock worth $830,000 after buying an additional 39,107 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Up 3.0%

Shares of NYSE:AES opened at $11.47 on Monday. The company has a fifty day moving average of $10.76 and a 200-day moving average of $11.22. The company has a market capitalization of $8.17 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 1.54 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The AES Corporation has a 52-week low of $9.46 and a 52-week high of $20.30.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $0.60 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts predict that The AES Corporation will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AES has been the topic of a number of analyst reports. Jefferies Financial Group downgraded AES from a “hold” rating to an “underperform” rating and cut their price target for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Citigroup lowered their target price on AES from $23.00 to $14.00 and set a “buy” rating for the company in a report on Friday, May 9th. HSBC decreased their price objective on AES from $15.00 to $14.00 in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price objective on AES from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen cut AES from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

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.