The AES Corporation (NYSE:AES) Shares Purchased by Seed Wealth Management Inc.

Seed Wealth Management Inc. boosted its stake in The AES Corporation (NYSE:AES) by 45.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,355 shares of the utilities provider’s stock after buying an additional 6,690 shares during the quarter. Seed Wealth Management Inc.’s holdings in AES were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its stake in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after buying an additional 1,581 shares in the last quarter. Optiver Holding B.V. lifted its stake in AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after buying an additional 1,201 shares in the last quarter. WR Wealth Planners LLC lifted its stake in AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,369 shares in the last quarter. CVA Family Office LLC lifted its stake in AES by 200.6% in the 1st quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider’s stock valued at $40,000 after buying an additional 2,169 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its stake in AES by 760.4% in 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 in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Stock Performance

NYSE:AES opened at $10.52 on Wednesday. The company has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $11.46. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 3.42. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $20.30.

AES (NYSE:AES) last posted its quarterly 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 analyst estimates of $3.13 billion. AES had a return on equity of 18.06% and a net margin of 10.67%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. As a group, equities analysts anticipate that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AES. Jefferies Financial Group lowered shares of AES from a “hold” rating to an “underperform” rating and decreased their price target for the company from $10.00 to $9.00 in a research note on Tuesday, May 20th. Citigroup dropped their price target on AES from $23.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on AES from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Susquehanna cut their target price on AES from $16.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. Finally, Mizuho cut their target price on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.