AES (AES) Cut to Hold at ValuEngine
ValuEngine lowered shares of AES (NYSE:AES) from a buy rating to a hold rating in a report released on Thursday.
Several other research analysts also recently issued reports on the stock. Bank of America raised shares of AES from a neutral rating to a buy rating and set a $12.00 price objective on the stock in a research report on Monday, November 13th. Morgan Stanley lowered their price objective on shares of AES from $14.00 to $12.50 and set an equal weight rating on the stock in a research report on Wednesday, December 13th. Finally, UBS Group started coverage on shares of AES in a research report on Friday, February 2nd. They set a neutral rating and a $12.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $12.58.
AES (AES) opened at $10.06 on Thursday. AES has a 52-week low of $10.00 and a 52-week high of $12.05. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99. The stock has a market cap of $6,920.85, a price-to-earnings ratio of -8.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26.
In other AES news, CFO Thomas M. O’flynn acquired 9,500 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $10.64 per share, with a total value of $101,080.00. Following the transaction, the chief financial officer now owns 219,131 shares of the company’s stock, valued at approximately $2,331,553.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Santos Bernerd Da acquired 4,700 shares of the stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $10.60 per share, for a total transaction of $49,820.00. Following the completion of the transaction, the chief operating officer now directly owns 96,186 shares in the company, valued at approximately $1,019,571.60. The disclosure for this purchase can be found here. Company insiders own 1.09% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. State of Wisconsin Investment Board lifted its stake in shares of AES by 20.3% in the 4th quarter. State of Wisconsin Investment Board now owns 1,448,882 shares of the utilities provider’s stock worth $15,691,000 after acquiring an additional 244,353 shares during the period. First Allied Advisory Services Inc. lifted its stake in shares of AES by 80.4% in the 4th quarter. First Allied Advisory Services Inc. now owns 48,708 shares of the utilities provider’s stock worth $522,000 after acquiring an additional 21,702 shares during the period. Toronto Dominion Bank lifted its stake in shares of AES by 13.6% in the 4th quarter. Toronto Dominion Bank now owns 284,458 shares of the utilities provider’s stock worth $3,080,000 after acquiring an additional 34,012 shares during the period. First Trust Advisors LP lifted its stake in shares of AES by 1,289.3% in the 4th quarter. First Trust Advisors LP now owns 400,591 shares of the utilities provider’s stock worth $4,338,000 after acquiring an additional 371,756 shares during the period. Finally, Brookstone Capital Management acquired a new stake in shares of AES in the 4th quarter worth $5,376,000. Institutional investors own 92.58% of the company’s stock.
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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.
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