The AES Corporation (NYSE:AES) has received a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.50.

AES has been the subject of several recent analyst reports. BidaskClub raised shares of The AES Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. ValuEngine downgraded shares of The AES Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Morgan Stanley reaffirmed an “equal weight” rating on shares of The AES Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research raised shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, July 12th.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. raised its stake in The AES Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 16,132 shares of the utilities provider’s stock worth $180,000 after buying an additional 97 shares in the last quarter. Pacer Advisors Inc. grew its holdings in The AES Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock worth $150,000 after purchasing an additional 402 shares during the period. Mason Street Advisors LLC grew its holdings in The AES Corporation by 1.0% in the first quarter. Mason Street Advisors LLC now owns 91,093 shares of the utilities provider’s stock worth $1,018,000 after purchasing an additional 920 shares during the period. Thrivent Financial For Lutherans grew its holdings in The AES Corporation by 6.2% in the first quarter. Thrivent Financial For Lutherans now owns 24,270 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 1,420 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in The AES Corporation by 6.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,503 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 1,505 shares during the period. 93.21% of the stock is owned by institutional investors.

Shares of The AES Corporation (NYSE AES) opened at 11.35 on Friday. The firm’s market capitalization is $7.49 billion. The AES Corporation has a one year low of $10.60 and a one year high of $13.32. The firm’s 50-day moving average price is $11.19 and its 200-day moving average price is $11.32.

The AES Corporation (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts forecast that The AES Corporation will post $1.05 earnings per share for the current year.

About The AES Corporation

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.

Analyst Recommendations for The AES Corporation (NYSE:AES)

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