AES (NYSE:AES) Rating Increased to Sell at StockNews.com

AES (NYSE:AES) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report issued on Friday.

Other analysts have also recently issued reports about the company. TheStreet cut AES from a “c-” rating to a “d+” rating in a research report on Friday, October 20th. Royal Bank of Canada decreased their price objective on AES from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. Morgan Stanley decreased their price objective on AES from $29.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Susquehanna cut their target price on AES from $33.00 to $30.00 in a research note on Thursday, August 3rd. Finally, Barclays cut their target price on AES from $25.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.80.

AES Stock Up 8.3 %

Shares of NYSE AES opened at $16.79 on Friday. The stock has a market cap of $11.24 billion, a PE ratio of -27.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.07. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 6.02. AES has a 52-week low of $11.43 and a 52-week high of $29.89. The business has a 50-day moving average price of $15.49 and a 200 day moving average price of $19.05.

AES (NYSE:AES) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). AES had a positive return on equity of 36.65% and a negative net margin of 2.70%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that AES will post 1.7 earnings per share for the current year.

Insider Activity at AES

In other news, Director Alain Monie acquired 27,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $18.27 per share, with a total value of $500,598.00. Following the purchase, the director now directly owns 28,725 shares of the company’s stock, valued at approximately $524,805.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Maura Shaughnessy purchased 12,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of $19.49 per share, with a total value of $243,625.00. Following the completion of the transaction, the director now owns 60,653 shares of the company’s stock, valued at approximately $1,182,126.97. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alain Monie purchased 27,400 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $18.27 per share, with a total value of $500,598.00. Following the transaction, the director now directly owns 28,725 shares of the company’s stock, valued at approximately $524,805.75. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AES

Hedge funds have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. purchased a new position in AES during the fourth quarter worth $27,000. Gyon Technologies Capital Management LP acquired a new stake in shares of AES during the fourth quarter worth $32,000. Resurgent Financial Advisors LLC acquired a new stake in shares of AES during the fourth quarter worth $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of AES during the second quarter worth $35,000. Finally, West Tower Group LLC acquired a new stake in shares of AES during the second quarter worth $35,000. Hedge funds and other institutional investors own 94.49% of the company’s stock.

About AES

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.