AES (AES) Stock Rating Lowered by Zacks Investment Research

AES (NYSE:AES) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “AES Corp continues to streamline its portfolio through asset divestments and by exiting markets and businesses where it does not have or cannot develop a competitive advantage. The company is focused on preserving its financial flexibility by reducing cost. Moreover, it is expanding its footprint rapidly in the overseas market. The company is aiming at closing its coal-fired operations to reduce its exposure to carbon emissions and shifting towards a cleaner energy space. AES Corp. has outperformed its broader industry over the last one year. However, the company's focus on long-term supply contracts exposes it to commodity price risks. AES Corp.’s management believes that the recent tariff imposition on solar modules will likely increase the cost of solar photovoltaic panels in the short term.”

A number of other equities analysts have also recently weighed in on the company. ValuEngine cut AES from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. JPMorgan Chase increased their price target on AES from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, March 19th. SunTrust Banks set a $14.00 price target on AES and gave the stock a “buy” rating in a report on Monday, February 12th. UBS assumed coverage on AES in a report on Friday, February 2nd. They set a “neutral” rating and a $12.00 price target for the company. Finally, Morgan Stanley lowered their price target on AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. AES currently has an average rating of “Hold” and a consensus price target of $12.64.



NYSE AES opened at $11.42 on Tuesday. The firm has a market cap of $7,523.01, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.22 and a beta of 1.17. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.06 and a quick ratio of 0.97. AES has a twelve month low of $9.86 and a twelve month high of $12.05.

AES (NYSE:AES) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $3.47 billion. AES had a positive return on equity of 16.52% and a negative net margin of 8.77%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. equities analysts expect that AES will post 1.2 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brandywine Global Investment Management LLC lifted its stake in AES by 2.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 195,772 shares of the utilities provider’s stock worth $2,121,000 after acquiring an additional 5,350 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in AES by 1.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 348,490 shares of the utilities provider’s stock worth $3,773,000 after acquiring an additional 5,700 shares in the last quarter. Corient Capital Partners LLC lifted its stake in AES by 2.4% during the 4th quarter. Corient Capital Partners LLC now owns 277,605 shares of the utilities provider’s stock worth $3,006,000 after acquiring an additional 6,543 shares in the last quarter. Jefferies Group LLC lifted its stake in AES by 2.3% during the 4th quarter. Jefferies Group LLC now owns 300,000 shares of the utilities provider’s stock worth $3,249,000 after acquiring an additional 6,766 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in AES by 19.8% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 6,921 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

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About AES

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.

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