The AES Corporation (NYSE:AES) Given Consensus Recommendation of “Hold” by Analysts

The AES Corporation (NYSE:AES) has received an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.6250.

Several analysts have recently commented on AES shares. Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 target price (down from $23.00) on shares of AES in a report on Friday, March 6th. Wall Street Zen upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Susquehanna downgraded shares of AES from a “positive” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $15.00 in a report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Finally, Mizuho lowered shares of AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd.

AES Stock Performance

Shares of AES stock opened at $14.68 on Tuesday. The firm has a 50-day moving average of $14.52 and a 200-day moving average of $14.57. The company has a market cap of $10.47 billion, a P/E ratio of 7.85 and a beta of 0.97. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.73 and a quick ratio of 0.65. AES has a one year low of $10.02 and a one year high of $17.65.

AES (NYSE:AES) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.50 by $0.18. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.11 billion. AES had a net margin of 10.78% and a return on equity of 22.66%. Equities research analysts forecast that AES will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On AES

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew 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 buying an additional 7,133,230 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in AES by 0.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,882,251 shares of the utilities provider’s stock valued at $103,730,000 after buying an additional 69,622 shares during the period. Sound Shore Management Inc. CT grew 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 buying an additional 1,002,530 shares during the period. Kryger Capital LLC bought a new position in AES during the first quarter valued at about $31,702,000. Finally, Rhumbline Advisers grew its position in AES by 0.4% during the third quarter. Rhumbline Advisers now owns 1,329,577 shares of the utilities provider’s stock valued at $17,497,000 after buying an additional 5,669 shares during the period. Institutional investors own 93.13% of the company’s stock.

AES Company Profile

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.