The AES Corporation (NYSE:AES) Given Average Rating of “Hold” by Analysts

Shares of The AES Corporation (NYSE:AES) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.6250.

Several brokerages recently weighed in on AES. Mizuho cut shares of AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group boosted their price objective on shares of AES from $13.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. Argus cut shares of AES from a “buy” rating to a “hold” rating in a research note on Thursday, March 26th. Morgan Stanley reissued an “equal weight” rating and issued a $15.00 price objective (down from $23.00) on shares of AES in a research note on Friday, March 6th. Finally, Wall Street Zen raised shares of AES from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th.

AES Stock Up 0.0%

Shares of NYSE:AES opened at $14.69 on Friday. The company has a fifty day moving average of $14.38 and a 200-day moving average of $14.50. The company has a market capitalization of $10.47 billion, a PE ratio of 7.85 and a beta of 0.97. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.65 and a current ratio of 0.73. AES has a 52-week low of $9.75 and a 52-week high of $17.65.

AES (NYSE:AES) last announced its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 10.78% and a return on equity of 22.66%. During the same period in the prior year, the business earned $0.54 earnings per share. On average, equities analysts predict that AES will post 2.29 EPS for the current fiscal year.

Institutional Trading of AES

A number of institutional investors have recently bought and sold shares of AES. SG Americas Securities LLC boosted its position in AES by 99.8% during the first quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock valued at $201,215,000 after acquiring an additional 7,133,230 shares during the last quarter. Kryger Capital LLC bought a new stake in AES during the first quarter valued at $31,702,000. Sound Shore Management Inc. CT boosted its position in AES by 17.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock valued at $98,922,000 after acquiring an additional 1,002,530 shares during the last quarter. Lazard Asset Management LLC boosted its position in AES by 247.6% during the second quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock valued at $10,185,000 after acquiring an additional 689,741 shares during the last quarter. Finally, Horizon Investments LLC boosted its position in AES by 4,710.9% during the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock valued at $7,780,000 after acquiring an additional 531,251 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.