Yousif Capital Management LLC Purchases 3,049 Shares of The AES Co. (NYSE:AES)

Yousif Capital Management LLC grew its position in The AES Co. (NYSE:AES) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,674 shares of the utilities provider’s stock after acquiring an additional 3,049 shares during the quarter. Yousif Capital Management LLC’s holdings in AES were worth $1,206,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in AES during the third quarter worth $28,000. Cromwell Holdings LLC raised its position in AES by 59.1% in the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 640 shares during the last quarter. Brooklyn Investment Group acquired a new position in AES during the 3rd quarter worth $63,000. Blue Trust Inc. boosted its position in AES by 69.3% in the 3rd quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after buying an additional 1,509 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in AES in the third quarter worth about $74,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

AES has been the topic of several analyst reports. Hsbc Global Res raised AES to a “strong-buy” rating in a research note on Friday, December 13th. HSBC assumed coverage on shares of AES in a research report on Friday, December 13th. They set a “buy” rating and a $17.00 price target on the stock. Mizuho lowered their price objective on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Barclays dropped their price objective on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Bank of America initiated coverage on AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, AES currently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

AES Stock Up 0.4 %

AES opened at $10.14 on Friday. The AES Co. has a 1-year low of $9.90 and a 1-year high of $22.21. The stock has a market cap of $7.21 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.84 and a beta of 0.99. The stock’s fifty day simple moving average is $12.08 and its 200 day simple moving average is $15.04. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.176 dividend. This is an increase from AES’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 31st. This represents a $0.70 annualized dividend and a dividend yield of 6.94%. AES’s dividend payout ratio is presently 48.61%.

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.