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 research report issued on Monday,Zacks.com reports.

AES has been the subject of a number of other research reports. Bank of America started coverage on AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 target price for the company. Barclays dropped their price objective 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. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. Susquehanna lowered their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho reduced their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

AES Stock Down 3.5 %

NYSE:AES opened at $11.18 on Monday. The company’s 50 day moving average is $11.51 and its two-hundred day moving average is $14.52. The company has a market cap of $7.95 billion, a PE ratio of 7.76, a P/E/G ratio of 0.82 and a beta of 0.99. AES has a twelve month low of $9.88 and a twelve month high of $22.21. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last released its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm earned $0.73 EPS. Analysts anticipate that AES will post 1.93 EPS for the current year.

Institutional Trading of AES

Several institutional investors have recently bought and sold shares of AES. Stephens Inc. AR grew its stake in AES by 67.1% in the 4th quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider’s stock valued at $4,273,000 after acquiring an additional 133,308 shares during the period. UMB Bank n.a. lifted its holdings in AES by 5,143.7% during the fourth quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider’s stock valued at $991,000 after purchasing an additional 75,509 shares in the last quarter. Rock Point Advisors LLC grew its position in shares of AES by 34.6% in the third quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock valued at $15,261,000 after purchasing an additional 195,460 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of AES during the fourth quarter worth about $489,000. Finally, Leibman Financial Services Inc. purchased a new position in AES in the 4th quarter valued at about $2,375,000. 93.13% of the stock is owned by institutional investors and hedge funds.

About AES

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.