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 research note released on Saturday morning.

A number of other equities analysts have also commented on AES. Mizuho cut their price objective on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Wells Fargo & Company increased their price target on AES from $108.00 to $112.00 in a report on Friday, May 2nd. Bank of America raised AES from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Citigroup decreased their target price on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their target price on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, AES has a consensus rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Performance

Shares of NYSE:AES traded up $0.17 during trading on Friday, reaching $9.87. 1,238,428 shares of the stock were exchanged, compared to its average volume of 12,411,927. AES has a 12 month low of $9.46 and a 12 month high of $22.21. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The firm has a market cap of $7.02 billion, a PE ratio of 6.86, a PEG ratio of 0.82 and a beta of 0.94. The stock has a 50-day moving average price of $10.91 and a 200-day moving average price of $11.72.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. lifted its stake in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,581 shares during the last quarter. Optiver Holding B.V. lifted its holdings in AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after purchasing an additional 1,201 shares in the last quarter. Garde Capital Inc. purchased a new stake in AES during the 1st quarter worth about $35,000. WR Wealth Planners LLC lifted its holdings in AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,369 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of AES by 200.6% in the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock worth $40,000 after purchasing an additional 2,169 shares during the period. Institutional investors own 93.13% of the company's stock.

About AES

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.