142,717 Shares in The AES Co. (NYSE:AES) Acquired by Arvest Investments Inc.

Arvest Investments Inc. bought a new position in The AES Co. (NYSE:AES) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 142,717 shares of the utilities provider’s stock, valued at approximately $1,773,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AES. CX Institutional acquired a new stake in shares of AES during the first quarter valued at approximately $130,000. Monarch Capital Management Inc. raised its holdings in shares of AES by 7.9% during the first quarter. Monarch Capital Management Inc. now owns 113,315 shares of the utilities provider’s stock valued at $1,407,000 after acquiring an additional 8,334 shares during the period. Oak Family Advisors LLC acquired a new stake in shares of AES during the first quarter valued at approximately $3,041,000. Fiduciary Financial Group LLC raised its holdings in shares of AES by 7.5% during the first quarter. Fiduciary Financial Group LLC now owns 23,939 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 1,677 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of AES by 23.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 30,192 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 5,833 shares during the period. 93.13% of the stock is currently owned by institutional investors.

AES Stock Performance

AES stock opened at $11.48 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 0.82 and a beta of 0.96. The AES Co. has a 12 month low of $9.46 and a 12 month high of $20.63. The firm has a 50 day moving average of $10.57 and a two-hundred day moving average of $11.52.

AES (NYSE:AES) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.10). The business had revenue of $2.93 billion during 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 business’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that The AES Co. will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AES. Wells Fargo & Company boosted their price target on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Mizuho cut their price target on shares of AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on shares of AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Wall Street Zen lowered shares of AES from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Finally, Jefferies Financial Group downgraded shares of AES from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.22.

AES Company 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.