CHURCHILL MANAGEMENT Corp Invests $9.35 Million in The AES Corporation (NYSE:AES)

CHURCHILL MANAGEMENT Corp purchased a new stake in The AES Corporation (NYSE:AES - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 752,397 shares of the utilities provider's stock, valued at approximately $9,345,000. CHURCHILL MANAGEMENT Corp owned about 0.11% of AES at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AES. SRS Capital Advisors Inc. raised its holdings in shares of AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after purchasing an additional 1,581 shares during the period. Optiver Holding B.V. grew its position in shares of AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after buying an additional 1,201 shares during the last quarter. Garde Capital Inc. acquired a new stake in AES during the first quarter worth about $35,000. WR Wealth Planners LLC lifted its holdings in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,369 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in AES by 200.6% in the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 2,169 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Price Performance

Shares of NYSE:AES traded up $0.24 during trading on Tuesday, reaching $10.76. The company had a trading volume of 27,265,206 shares, compared to its average volume of 13,154,343. The AES Corporation has a twelve month low of $9.46 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market capitalization of $7.66 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. The firm's fifty day moving average is $10.67 and its 200 day moving average is $11.27.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business's revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities analysts forecast that The AES Corporation will post 1.93 EPS for the current year.

Wall Street Analyst Weigh In

AES has been the subject of a number of analyst reports. Mizuho reduced their price objective on AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Jefferies Financial Group downgraded shares of AES from a "hold" rating to an "underperform" rating and reduced their price target for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Wells Fargo & Company increased their price objective on shares of AES from $108.00 to $112.00 in a report on Friday, May 2nd. Wall Street Zen cut shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Bank of America raised AES from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $13.00 in a report on Tuesday, March 4th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.