AES (NYSE:AES) Stock Rating Lowered by Seaport Res Ptn

AES (NYSE:AES) was downgraded by research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports. Seaport Res Ptn also issued estimates for AES’s FY2026 earnings at $2.15 EPS, FY2027 earnings at $2.43 EPS and FY2028 earnings at $2.78 EPS.

AES has been the subject of a number of other reports. Barclays lowered their price objective on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Mizuho upped their price objective on AES from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Argus restated a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of AES in a research note on Tuesday, April 9th. Finally, UBS Group decreased their price target on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.50.

AES Price Performance

Shares of NYSE AES opened at $21.04 on Tuesday. AES has a twelve month low of $11.43 and a twelve month high of $22.60. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 29.22 and a beta of 1.08. The business has a 50 day simple moving average of $17.80 and a 200-day simple moving average of $17.48.

AES (NYSE:AES) last issued its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.20 billion. AES had a return on equity of 36.23% and a net margin of 4.40%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. As a group, equities research analysts expect that AES will post 1.91 earnings per share for the current year.

Institutional Trading of AES

Several institutional investors have recently modified their holdings of AES. Capital World Investors lifted its holdings in shares of AES by 76.9% in the fourth quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after buying an additional 31,009,718 shares during the period. FMR LLC lifted its holdings in shares of AES by 38.6% in the third quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock valued at $559,689,000 after buying an additional 10,256,781 shares during the period. Capital International Investors lifted its holdings in shares of AES by 11.4% during the first quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider’s stock valued at $1,392,110,000 after purchasing an additional 7,969,594 shares during the last quarter. M&G Plc purchased a new stake in shares of AES during the first quarter valued at $123,272,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of AES by 70.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider’s stock valued at $124,008,000 after purchasing an additional 2,670,001 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

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.