AES (NYSE:AES) Earns Hold Rating from Argus

AES (NYSE:AES)‘s stock had its “hold” rating reissued by investment analysts at Argus in a report released on Tuesday, Marketbeat Ratings reports.

AES has been the subject of several other research reports. Mizuho dropped their price target on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Barclays decreased their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Seaport Res Ptn lowered shares of AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Finally, HSBC reduced their target price on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.22.

AES Stock Performance

Shares of AES opened at $9.72 on Tuesday. The firm has a market capitalization of $6.92 billion, a P/E ratio of 6.75, a PEG ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. AES has a one year low of $9.46 and a one year high of $22.21. The business has a fifty day moving average of $10.91 and a 200 day moving average of $11.72.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) 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 the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that AES will post 1.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC increased its position in shares of AES by 33.5% during the first quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 974 shares during the period. Diversify Advisory Services LLC grew its stake in AES by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 1,006 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in AES by 4.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider’s stock worth $327,000 after purchasing an additional 1,011 shares during the period. Yousif Capital Management LLC raised its position in AES by 1.1% during the 1st quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider’s stock valued at $1,176,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Moloney Securities Asset Management LLC lifted its holdings in shares of AES by 5.0% in the 1st quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider’s stock worth $307,000 after buying an additional 1,173 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Company 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.