Legacy Advisors LLC Takes $162,000 Position in The AES Corporation (NYSE:AES)

Legacy Advisors LLC purchased a new position in The AES Corporation (NYSE:AES) during the 1st quarter, Holdings Channel.com reports. The firm purchased 13,062 shares of the utilities provider’s stock, valued at approximately $162,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AES. Yousif Capital Management LLC grew its stake in shares of AES by 1.1% in the first quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider’s stock worth $1,176,000 after acquiring an additional 1,012 shares during the last quarter. Optiver Holding B.V. boosted its stake in AES by 79.5% in the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,201 shares in the last quarter. WR Wealth Planners LLC grew its position in AES by 93.3% during the 4th 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. Nissay Asset Management Corp Japan ADV increased its stake in AES by 1.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 85,866 shares of the utilities provider’s stock valued at $1,095,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its holdings in AES by 11.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 14,082 shares of the utilities provider’s stock worth $181,000 after buying an additional 1,436 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Stock Up 0.4%

Shares of NYSE AES opened at $10.51 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 3.42. The AES Corporation has a 12-month low of $9.46 and a 12-month high of $20.30. The firm’s 50-day moving average price is $10.63 and its 200-day moving average price is $11.36. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 5.71, a P/E/G ratio of 1.40 and a beta of 0.96.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.13 billion. AES had a net margin of 10.67% and a return on equity of 18.06%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities research analysts anticipate that The AES Corporation will post 1.93 EPS for the current fiscal year.

Analyst Ratings Changes

AES has been the subject of several analyst reports. Mizuho reduced their price target on shares of AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Bank of America raised AES from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. HSBC reduced their price objective on AES from $15.00 to $14.00 in a research note on Monday, May 5th. Wall Street Zen downgraded shares of AES from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Finally, Wells Fargo & Company upped their price objective on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.22.

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.