Investors Research Corp Makes New Investment in The AES Co. (NYSE:AES)

Investors Research Corp bought a new position in The AES Co. (NYSE:AES - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 101,100 shares of the utilities provider's stock, valued at approximately $1,256,000.

Other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position in AES by 190.3% in the 4th 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 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 during the period. WR Wealth Planners LLC grew its position in AES by 93.3% in the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares during the period. McIlrath & Eck LLC grew its position in AES by 760.4% in the 4th quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock worth $43,000 after purchasing an additional 2,958 shares during the period. Finally, Rothschild Investment LLC grew its position in AES by 235.4% in the 1st quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider's stock worth $45,000 after purchasing an additional 2,523 shares during the period. Institutional investors own 93.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho cut their price objective 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. Argus reissued a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group downgraded shares of AES from a "hold" rating to an "underperform" rating and cut their price objective for the company from $10.00 to $9.00 in a research report on Tuesday, May 20th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.22.

AES Price Performance

Shares of AES traded up $0.09 during trading hours on Monday, reaching $10.18. 12,768,688 shares of the stock traded hands, compared to its average volume of 12,501,926. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The AES Co. has a 52-week low of $9.46 and a 52-week high of $21.82. The company's 50-day moving average price is $10.80 and its two-hundred day moving average price is $11.64. The company has a market cap of $7.24 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.

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 net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter last year, the firm posted $0.60 EPS. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. On average, analysts anticipate that The AES Co. will post 1.93 earnings per share for the current 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.