AES (NYSE:AES) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of AES (NYSE:AES - Free Report) from a hold rating to a sell rating in a report published on Saturday.

Several other equities analysts also recently commented on the stock. Citigroup decreased their price target on shares of AES from $23.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Mizuho reduced their price objective on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $11.00 to $13.00 in a research note on Tuesday, March 4th. Jefferies Financial Group downgraded shares of AES from a "hold" rating to an "underperform" rating and reduced their price objective for the stock from $10.00 to $9.00 in a research note on Tuesday, May 20th. Finally, Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Performance

Shares of AES stock traded up $0.08 on Friday, hitting $10.07. The company's stock had a trading volume of 13,942,623 shares, compared to its average volume of 12,412,905. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock's 50 day moving average is $11.04 and its 200-day moving average is $11.75. AES has a fifty-two week low of $9.46 and a fifty-two week high of $22.21. The company has a market capitalization of $7.17 billion, a PE ratio of 6.99, a PEG ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.10). AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company posted $0.60 earnings per share. The company's revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that AES will post 1.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new position in AES in the 4th quarter valued at approximately $121,627,000. FMR LLC raised its holdings in AES by 19.5% in the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock valued at $632,865,000 after buying an additional 8,027,426 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in AES by 35.7% in the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock valued at $367,499,000 after buying an additional 7,519,129 shares during the last quarter. Invesco Ltd. raised its holdings in AES by 64.2% in the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock valued at $205,261,000 after buying an additional 6,238,087 shares during the last quarter. Finally, Sound Shore Management Inc. CT bought a new position in AES in the 4th quarter valued at approximately $69,083,000. 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.