The AES Co. (NYSE:AES) Receives Average Rating of "Moderate Buy" from Analysts

Shares of The AES Co. (NYSE:AES - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.22.

Several research firms have recently issued reports on AES. HSBC lowered their target price on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Wall Street Zen cut AES from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Argus reissued a "hold" rating on shares of AES in a report on Tuesday, May 27th. Citigroup reduced their target price on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note 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 on the stock in a research report on Thursday, April 24th.

Institutional Trading of AES

Institutional investors and hedge funds have recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position 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 period. Optiver Holding B.V. lifted its position 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 acquiring an additional 1,201 shares in the last quarter. Garde Capital Inc. purchased a new position in AES in the 1st quarter worth approximately $35,000. WR Wealth Planners LLC grew its position in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,369 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in shares of AES by 200.6% during the first quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 2,169 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Stock Up 3.1%

Shares of AES stock opened at $10.49 on Friday. The stock's fifty day moving average price is $10.63 and its 200 day moving average price is $11.58. AES has a 1-year low of $9.46 and a 1-year high of $20.90. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80.

AES (NYSE:AES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company earned $0.60 earnings per share. AES's revenue was down 5.2% on a year-over-year basis. On average, research analysts expect that AES will post 1.93 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.