Breakwater Capital Group Takes $182,000 Position in The AES Co. (NYSE:AES)

Breakwater Capital Group acquired a new position in The AES Co. (NYSE:AES) in the 1st quarter, HoldingsChannel reports. The fund acquired 10,147 shares of the utilities provider’s stock, valued at approximately $182,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. River Street Advisors LLC grew its holdings in AES by 7.8% in the first quarter. River Street Advisors LLC now owns 16,002 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 1,159 shares during the last quarter. Viking Fund Management LLC grew its holdings in shares of AES by 1.7% during the first quarter. Viking Fund Management LLC now owns 178,000 shares of the utilities provider’s stock valued at $3,192,000 after buying an additional 3,000 shares during the last quarter. Wallace Advisory Group LLC grew its holdings in shares of AES by 17.0% during the first quarter. Wallace Advisory Group LLC now owns 20,097 shares of the utilities provider’s stock valued at $387,000 after buying an additional 2,915 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of AES during the first quarter valued at $33,000. Finally, Miller Howard Investments Inc. NY grew its holdings in shares of AES by 6.9% during the first quarter. Miller Howard Investments Inc. NY now owns 186,703 shares of the utilities provider’s stock valued at $3,348,000 after buying an additional 12,003 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Stock Performance

NYSE AES traded down $1.52 during trading on Friday, reaching $17.57. The company’s stock had a trading volume of 28,445,342 shares, compared to its average volume of 6,571,325. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 24.40 and a beta of 1.11. The AES Co. has a twelve month low of $11.43 and a twelve month high of $22.60. The business’s fifty day moving average price is $19.56 and its 200-day moving average price is $18.02.

AES (NYSE:AES) last posted its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.20 billion. AES had a net margin of 4.40% and a return on equity of 36.23%. AES’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. As a group, analysts anticipate that The AES Co. will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays upped their price target on shares of AES from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Seaport Res Ptn downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. UBS Group decreased their price objective on shares of AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $25.00 price target on shares of AES in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.88.

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.