Hartford Investment Management Co. owns $1.62M stake in AES Co. (NYSE:AES)


Hartford Investment Management Co. reduced its holdings in shares of The AES Co. (NYSE:AES – Get Rating ) by 7.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 62,914 shares of the utilities provider’s stock after selling 4,723 shares during the quarter. Hartford Investment Management Co.’s holdings. in AES were worth $1,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AES. Capital International Investors boosted its holdings in shares of AES by 11.5% in the fourth quarter. Capital International Investors now owns 69,975,664 shares of the utilities provider’s stock worth $1,700,403,000 after acquiring an additional 7,233,542 shares during the period. Capital World Investors boosted its holdings in shares of AES by 6.5% in the fourth quarter. Capital World Investors now owns 55,815,599 shares of the utilities provider’s stock valued at $1,356,319,000 after acquiring an additional 3,412,942 shares during the period. Third Point LLC boosted its holdings in shares of AES by 53.3% during the fourth quarter. Third Point LLC now owns 5,750,000 shares of the utilities provider’s stock valued at $139,725,000 after acquiring an additional 2,000,000 shares during the period. Southpoint Capital Advisors LP boosted its holdings in shares of AES by 20.5% in the fourth quarter. Southpoint Capital Advisors LP now owns 10,000,000 shares of the utilities provider’s stock valued at $243,000,000 after acquiring an additional 1,700,000 shares during the period. Finally, AGF Investments Inc. boosted its holdings in shares of AES by 108.9% during the fourth quarter. AGF Investments Inc. now owns 3,000,805 shares of the utilities provider’s stock valued at $72,920,000 after acquiring an additional 1,564,093 shares during the period. 92.97% of the shares are currently owned by hedge funds and other institutional investors.

NYSE AES opened at $21.48 on Monday. The business has a fifty day moving average of $20.91 and a two hundred day moving average of $22.33. The company has a debt-to-equity ratio of 4.64, a quick earnings ratio of 0.95 and a current ratio of 1.07. AES Co. has a fifty-two week low of $18.62 and a fifty-two week high of $26.52.

AES (NYSE:AES – Get Rating) last posted its earnings results on Thursday, May 5th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). AES had a positive return on equity of 33.02% and a negative net income of 2.21%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.53 billion. In the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts forecast that The AES Co. will post 1.61 EPS for the current fiscal year.

A number of equities analysts recently issued reports on AES shares. Susquehanna Bancshares reduced their target price on AES from $32.00 to $30.00 in a report on Tuesday, May 10th. Morgan Stanley cut their target price on AES from $29.00 to $28.50 and set an “overweight” rating for the company in a research note on Thursday, June 23rd. Seaport Res Ptn restated a “buy” rating on shares of AES in a research note on Monday, April 4th. Citigroup assumed coverage on AES in a research note on Tuesday, March 22nd. They issued a “buy” rating and a $27.00 target price for the company. Finally, Credit Suisse Group assumed coverage on AES in a research note on Monday, April 25th. They issued a “neutral” rating and a $25.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Moderate Buy” and a consensus target price of $28.50, according to MarketBeat.

About AES (Get Rating)

AES Corporation operates as a diversified power generation and utilities company. It owns and/or operates power plants to generate and sell energy to customers such as utilities, industrial users and other intermediaries. The Company also owns and/or operates utilities for the generation or purchase, distribution, transmission and sale of electricity to end customers in the residential, commercial, industrial and government sectors; and produces and sells electricity in the wholesale market.

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Institutional Ownership by Quarter for AES (NYSE:AES)



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