AES (NYSE:AES) Downgraded to Hold Rating by Argus

AES (NYSE:AES) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other research firms have also weighed in on AES. Mizuho lowered AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a research note on Monday, December 29th. Jefferies Financial Group lifted their price target on shares of AES from $13.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Barclays reissued an “equal weight” rating and issued a $15.00 price objective on shares of AES in a research note on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.27.

AES Trading Down 0.5%

Shares of NYSE:AES opened at $14.07 on Thursday. AES has a 12-month low of $9.46 and a 12-month high of $17.65. The business has a 50 day moving average of $15.06 and a 200-day moving average of $14.31. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 2.94. The stock has a market cap of $10.03 billion, a PE ratio of 11.16, a P/E/G ratio of 0.54 and a beta of 0.95.

AES (NYSE:AES) last released its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.07 billion. AES had a return on equity of 19.93% and a net margin of 7.40%.During the same period last year, the firm posted $0.54 EPS. As a group, equities research analysts forecast that AES will post 1.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AES. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of AES by 0.9% in 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. SG Americas Securities LLC boosted its holdings in AES by 128.6% in the fourth quarter. SG Americas Securities LLC now owns 7,147,438 shares of the utilities provider’s stock valued at $102,494,000 after acquiring an additional 4,021,385 shares during the last quarter. Sound Shore Management Inc. CT increased its position in AES by 17.0% during the 4th quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock valued at $98,922,000 after purchasing an additional 1,002,530 shares during the period. Rhumbline Advisers raised its holdings in AES by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 1,329,577 shares of the utilities provider’s stock worth $17,497,000 after purchasing an additional 5,669 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of AES by 247.6% in the 2nd quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock worth $10,185,000 after purchasing an additional 689,741 shares during the period. 93.13% of the stock is owned by institutional investors.

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.