Yousif Capital Management LLC Acquires 1,012 Shares of The AES Corporation (NYSE:AES)

Yousif Capital Management LLC grew its position in The AES Corporation (NYSE:AES) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,686 shares of the utilities provider’s stock after purchasing an additional 1,012 shares during the quarter. Yousif Capital Management LLC’s holdings in AES were worth $1,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. grew its position in shares of AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,581 shares during the last quarter. Optiver Holding B.V. grew its position in shares of AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,201 shares during the last quarter. WR Wealth Planners LLC grew its position in shares of AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,369 shares during the last quarter. McIlrath & Eck LLC grew its position in shares of AES by 760.4% in the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 2,958 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in shares of AES by 235.4% in the first quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 2,523 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AES. Jefferies Financial Group downgraded AES from a “hold” rating to an “underperform” rating and decreased their target price for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target 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 reduced their price target on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. Wall Street Zen downgraded AES from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Finally, Argus reissued a “hold” rating on shares of AES in a research report on Tuesday, May 27th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.22.

AES Price Performance

Shares of NYSE:AES opened at $10.52 on Wednesday. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.53 and a beta of 0.96. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $11.46. The AES Corporation has a one year low of $9.46 and a one year high of $20.30.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). AES had a net margin of 10.67% and a return on equity of 18.06%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Research analysts predict that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

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.