AES's (AES) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D+)" rating for AES, indicating ongoing concerns about the company's stock performance.
• Despite the negative outlook from Weiss, analysts from JPMorgan Chase & Co. and Barclays have issued positive ratings with higher price targets, showing mixed sentiment among experts.
• AES's stock recently traded at $14.64, up 1.7%, with a market capitalization of $10.42 billion and a fluctuating price range over the past year.

AES (NYSE:AES - Get Free Report)'s stock had its "sell (d+)" rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of AES from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Barclays raised their price objective on AES from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Evercore ISI started coverage on AES in a research report on Monday. They set an "in-line" rating and a $15.00 price objective for the company. Finally, Susquehanna raised their price objective on AES from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $23.70.

AES Trading Up 1.7%

NYSE:AES traded up $0.24 during trading hours on Wednesday, hitting $14.64. The company had a trading volume of 5,231,278 shares, compared to its average volume of 14,801,821. The company has a market capitalization of $10.42 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.59 and a beta of 0.93. The stock has a 50-day moving average price of $13.24 and a 200 day moving average price of $11.95. AES has a 52 week low of $9.46 and a 52 week high of $18.31. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.12. The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.97 billion. AES had a net margin of 8.42% and a return on equity of 19.02%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, equities research analysts predict that AES will post 1.93 EPS for the current fiscal year.

Institutional Investors Weigh In On AES

Several large investors have recently bought and sold shares of AES. Hexagon Capital Partners LLC grew its holdings in AES by 33.5% during the first quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock worth $48,000 after acquiring an additional 974 shares during the period. Diversify Advisory Services LLC grew its holdings in AES by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock valued at $260,000 after purchasing an additional 1,006 shares during the period. Kestra Private Wealth Services LLC grew its holdings in AES by 4.0% in the first 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 grew its holdings in AES by 1.1% in the first 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 during the period. Finally, Moloney Securities Asset Management LLC grew its holdings in 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 purchasing an additional 1,173 shares during the period. 93.13% of the stock is currently owned by institutional investors.

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.

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