The AES Co. (NYSE:AES) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in The AES Co. (NYSE:AES – Get Rating) by 1,339.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 282,142 shares of the utilities provider’s stock after purchasing an additional 262,540 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in AES were worth $8,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in AES by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 83,790,219 shares of the utilities provider’s stock worth $2,155,923,000 after purchasing an additional 1,285,423 shares during the last quarter. State Street Corp lifted its position in AES by 2.7% in the 3rd quarter. State Street Corp now owns 35,292,933 shares of the utilities provider’s stock worth $797,620,000 after buying an additional 914,656 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in AES by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,135,355 shares of the utilities provider’s stock worth $251,659,000 after buying an additional 53,261 shares in the last quarter. Northern Trust Corp increased its stake in shares of AES by 5.6% during the 1st quarter. Northern Trust Corp now owns 7,126,418 shares of the utilities provider’s stock worth $183,363,000 after purchasing an additional 381,037 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of AES by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,250,652 shares of the utilities provider’s stock worth $135,100,000 after purchasing an additional 225,397 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

AES has been the topic of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $32.00 price target on shares of AES in a research note on Monday, March 6th. Morgan Stanley lowered their target price on shares of AES from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. UBS Group reduced their price target on shares of AES from $30.00 to $27.00 in a report on Tuesday, May 9th. Wolfe Research downgraded shares of AES from an “outperform” rating to a “peer perform” rating in a report on Monday, April 17th. Finally, TheStreet downgraded shares of AES from a “b-” rating to a “c” rating in a report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.30.

AES Trading Down 1.5 %

Shares of AES opened at $19.95 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.13 and a debt-to-equity ratio of 6.23. The AES Co. has a twelve month low of $18.62 and a twelve month high of $29.89. The firm’s 50 day moving average price is $22.97 and its two-hundred day moving average price is $25.60.

AES (NYSE:AES – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.84 billion. AES had a negative net margin of 3.59% and a positive return on equity of 38.46%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. As a group, research analysts forecast that The AES Co. will post 1.73 earnings per share for the current year.

AES Company Profile

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The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.