AES (NYSE:AES) Shares Down 6.2% - Should You Sell?

The AES Corporation (NYSE:AES - Get Free Report) shares were down 6.2% on Tuesday . The company traded as low as $10.76 and last traded at $10.76. Approximately 8,068,529 shares changed hands during trading, a decline of 49% from the average daily volume of 15,771,552 shares. The stock had previously closed at $11.46.

Analyst Ratings Changes

Several brokerages recently commented on AES. Bank of America raised AES from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. HSBC cut their price target on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Argus reiterated a "hold" rating on shares of AES in a report on Tuesday, May 27th. Finally, Jefferies Financial Group lowered AES from a "hold" rating to an "underperform" rating and cut their target price for the company from $10.00 to $9.00 in a report on Tuesday, May 20th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.22.

AES Stock Down 1.0%

The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $7.41 billion, a P/E ratio of 5.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96. The business has a 50 day moving average price of $10.62 and a 200 day moving average price of $11.42.

AES (NYSE:AES - Get Free Report) last issued 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 return on equity of 18.06% and a net margin of 10.67%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business's quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts predict that The AES Corporation will post 1.93 earnings per share for the current year.

Institutional Trading of AES

Several hedge funds and other institutional investors have recently bought and sold shares of AES. SRS Capital Advisors Inc. increased its holdings in AES by 190.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock valued at $31,000 after buying an additional 1,581 shares during the period. Optiver Holding B.V. grew its stake in shares of AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 1,201 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of AES in the 1st quarter valued at $35,000. WR Wealth Planners LLC raised 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 during the last quarter. Finally, CVA Family Office LLC lifted its holdings in AES by 200.6% in the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock valued at $40,000 after buying an additional 2,169 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

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.