AES (NYSE:AES) Earns "Hold" Rating from Argus

AES (NYSE:AES - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Argus in a research note issued on Tuesday, Marketbeat reports.

AES has been the topic of several other research reports. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. HSBC dropped their target price on shares of AES from $15.00 to $14.00 in a report on Monday, May 5th. Barclays decreased their price target on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Citigroup dropped their price objective on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Mizuho decreased their target price 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. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.22.

AES Stock Performance

NYSE AES traded down $0.35 on Tuesday, reaching $9.72. The stock had a trading volume of 17,569,819 shares, compared to its average volume of 12,455,396. AES has a 1-year low of $9.46 and a 1-year high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company has a market cap of $6.92 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The firm has a fifty day moving average of $10.91 and a two-hundred day moving average of $11.72.

AES (NYSE:AES - Get Free Report) last announced its 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 27.30% and a net margin of 8.34%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that AES will post 1.93 EPS for the current year.

Hedge Funds Weigh In On AES

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC grew its stake in AES by 33.5% in the first quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 974 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of AES by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock worth $260,000 after purchasing an additional 1,006 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in AES by 4.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock valued at $327,000 after purchasing an additional 1,011 shares during the period. Yousif Capital Management LLC increased its stake in AES by 1.1% during the 1st quarter. Yousif Capital Management LLC now owns 94,686 shares of the utilities provider's stock valued at $1,176,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Moloney Securities Asset Management LLC lifted its stake in shares of AES by 5.0% in the first quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock valued at $307,000 after buying an additional 1,173 shares in the last quarter. 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.