BidaskClub Downgrades The AES Corporation (AES) to Strong Sell

BidaskClub cut shares of The AES Corporation (NYSE:AES) from a sell rating to a strong sell rating in a report released on Monday, July 31st.

A number of other research firms also recently commented on AES. Zacks Investment Research upgraded The AES Corporation from a sell rating to a hold rating in a research report on Tuesday, May 2nd. ValuEngine upgraded The AES Corporation from a hold rating to a buy rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley reiterated an equal weight rating on shares of The AES Corporation in a research report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $12.00.

The AES Corporation (AES) opened at 11.07 on Monday. The stock’s market cap is $7.31 billion. The AES Corporation has a 12 month low of $10.60 and a 12 month high of $13.32. The stock’s 50 day moving average price is $11.12 and its 200-day moving average price is $11.36.

The AES Corporation (NYSE:AES) last posted its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $2.97 billion. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The AES Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Equities research analysts predict that The AES Corporation will post $1.05 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.34%. The AES Corporation’s dividend payout ratio is currently -42.10%.

Several hedge funds have recently modified their holdings of AES. Balyasny Asset Management LLC increased its stake in shares of The AES Corporation by 20.5% in the second quarter. Balyasny Asset Management LLC now owns 288,539 shares of the utilities provider’s stock valued at $3,206,000 after buying an additional 48,995 shares in the last quarter. Hancock Holding Co. increased its stake in shares of The AES Corporation by 15.8% in the second quarter. Hancock Holding Co. now owns 97,402 shares of the utilities provider’s stock valued at $1,083,000 after buying an additional 13,293 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of The AES Corporation by 60.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock valued at $30,628,000 after buying an additional 1,040,302 shares in the last quarter. Cibc World Markets Corp increased its stake in shares of The AES Corporation by 14.7% in the second quarter. Cibc World Markets Corp now owns 191,283 shares of the utilities provider’s stock valued at $2,125,000 after buying an additional 24,444 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of The AES Corporation during the second quarter valued at about $5,339,000. Institutional investors and hedge funds own 93.49% of the company’s stock.

The AES Corporation Company Profile

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.

Analyst Recommendations for The AES Corporation (NYSE:AES)

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