AES (NYSE:AES) Downgraded to “Strong Sell” Rating by Seaport Res Ptn

AES (NYSE:AES) was downgraded by investment analysts at Seaport Res Ptn from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Bank of America started coverage on shares of AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target for the company. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. Barclays lowered 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. Mizuho reduced their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Finally, Susquehanna lowered their target price on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.90.

AES Trading Down 3.4 %

AES stock opened at $10.82 on Monday. AES has a 52 week low of $9.88 and a 52 week high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 7.51, a P/E/G ratio of 0.82 and a beta of 0.99. The company has a 50 day moving average price of $11.48 and a 200 day moving average price of $14.47.

AES (NYSE:AES) last issued its earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter last year, the firm posted $0.73 earnings per share. Research analysts forecast that AES will post 1.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AES. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of AES in the fourth quarter valued at approximately $3,334,000. Gould Capital LLC grew its stake in AES by 32.8% in the 4th quarter. Gould Capital LLC now owns 225,196 shares of the utilities provider’s stock valued at $2,898,000 after buying an additional 55,619 shares during the last quarter. Mackenzie Financial Corp raised its holdings in AES by 13.5% in the 4th quarter. Mackenzie Financial Corp now owns 25,510 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 3,041 shares during the period. North Star Asset Management Inc. lifted its position in AES by 7.2% during the 4th quarter. North Star Asset Management Inc. now owns 1,515,444 shares of the utilities provider’s stock worth $19,504,000 after acquiring an additional 101,514 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in AES by 760.4% during the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 2,958 shares during the period. 93.13% of the stock is owned by institutional investors.

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.