The AES Co. (NYSE:AES) Shares Bought by Monarch Capital Management Inc.

Monarch Capital Management Inc. lifted its position in The AES Co. (NYSE:AES) by 7.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 113,315 shares of the utilities provider’s stock after buying an additional 8,334 shares during the quarter. Monarch Capital Management Inc.’s holdings in AES were worth $1,407,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AES. SRS Capital Advisors Inc. grew its position in AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,581 shares in the last quarter. Optiver Holding B.V. grew its stake in AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,201 shares in the last quarter. WR Wealth Planners LLC raised its stake in shares of AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,369 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of AES by 760.4% during the 4th quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider’s stock valued at $43,000 after buying an additional 2,958 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in AES by 235.4% in the first quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider’s stock worth $45,000 after buying an additional 2,523 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Trading Up 3.7%

AES opened at $11.29 on Wednesday. The firm has a 50 day simple moving average of $10.56 and a 200 day simple moving average of $11.52. The AES Co. has a fifty-two week low of $9.46 and a fifty-two week high of $20.63. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, sell-side analysts anticipate that The AES Co. will post 1.93 earnings per share for the current year.

Analysts Set New Price Targets

AES has been the subject of a number of recent research reports. HSBC decreased their price objective on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Susquehanna dropped their target price on shares of AES from $16.00 to $15.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Wall Street Zen downgraded AES from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Mizuho dropped their price objective on shares of AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Finally, Citigroup dropped their price objective on shares of AES from $23.00 to $14.00 and set a “buy” rating for the company in a report on Friday, May 9th. Three investment 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 company’s stock. According to data from MarketBeat.com, AES has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

About AES

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.