ValuEngine Lowers AES (AES) to Hold

ValuEngine cut shares of AES (NYSE:AES) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Several other equities research analysts also recently issued reports on AES. Morgan Stanley lowered their price target on AES from $14.00 to $12.50 and set an equal weight rating on the stock in a research report on Wednesday, December 13th. SunTrust Banks set a $14.00 price target on AES and gave the company a buy rating in a research report on Monday, February 12th. UBS initiated coverage on AES in a research report on Friday, February 2nd. They issued a neutral rating and a $12.00 price target on the stock. JPMorgan Chase raised their price target on AES from $12.00 to $13.00 and gave the company an overweight rating in a research report on Monday, March 19th. Finally, Zacks Investment Research raised AES from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. AES has an average rating of Hold and an average price target of $12.64.

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AES stock opened at $11.42 on Wednesday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.97 and a current ratio of 1.06. The firm has a market cap of $7,595.66, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. AES has a one year low of $9.86 and a one year high of $12.05.

AES (NYSE:AES) last posted its earnings results on Tuesday, February 27th. The utilities provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.47 billion. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. sell-side analysts predict that AES will post 1.2 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of AES by 7.9% in the third quarter. Public Employees Retirement System of Ohio now owns 312,162 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 22,799 shares during the period. Schroder Investment Management Group lifted its stake in shares of AES by 39.3% in the third quarter. Schroder Investment Management Group now owns 1,091,840 shares of the utilities provider’s stock valued at $12,098,000 after buying an additional 307,915 shares during the period. Piedmont Investment Advisors LLC bought a new position in AES during the third quarter worth about $668,000. Convergence Investment Partners LLC bought a new position in AES during the fourth quarter worth about $3,449,000. Finally, State of Wisconsin Investment Board lifted its stake in AES by 20.3% during the fourth quarter. State of Wisconsin Investment Board now owns 1,448,882 shares of the utilities provider’s stock worth $15,691,000 after purchasing an additional 244,353 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

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AES Company Profile

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AES (NYSE:AES)

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