Trilogy Capital Inc. grew its position in shares of AES Corp (NYSE:AES) by 9.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 117,414 shares of the utilities provider’s stock after acquiring an additional 10,602 shares during the quarter. Trilogy Capital Inc.’s holdings in AES were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AES. Evergreen Capital Management LLC bought a new position in shares of AES during the 1st quarter valued at $117,000. Gideon Capital Advisors Inc. bought a new position in shares of AES during the 2nd quarter valued at $142,000. Mount Yale Investment Advisors LLC bought a new position in shares of AES during the 1st quarter valued at $146,000. Wedbush Securities Inc. bought a new position in shares of AES during the 2nd quarter valued at $152,000. Finally, Highland Capital Management LP bought a new position in shares of AES during the 1st quarter valued at $171,000. 96.61% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AES opened at $13.64 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 3.24. The firm has a market capitalization of $8.97 billion, a PE ratio of 12.63, a P/E/G ratio of 1.40 and a beta of 1.22. AES Corp has a one year low of $9.86 and a one year high of $14.11.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $3.41 billion. AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. sell-side analysts expect that AES Corp will post 1.21 EPS for the current fiscal year.

Several research firms have recently commented on AES. Zacks Investment Research lowered AES from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. UBS Group upped their price objective on AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 20th. Finally, Bank of America lowered AES from a “neutral” rating to an “underperform” rating and set a $12.50 price objective for the company. in a research note on Monday, July 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.17.

AES Company Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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