The AES Corp. (NYSE:AES) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.75.

A number of analysts have recently commented on the company. TheStreet cut The AES Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of The AES Corp. in a research report on Thursday, June 16th. Zacks Investment Research cut The AES Corp. from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Barclays PLC cut The AES Corp. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Tuesday, October 4th.

The AES Corp. (NYSE:AES) opened at 11.73 on Tuesday. The stock has a 50 day moving average price of $12.41 and a 200-day moving average price of $11.85. The company’s market capitalization is $7.73 billion. The AES Corp. has a 12-month low of $8.22 and a 12-month high of $13.32.

The AES Corp. (NYSE:AES) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The AES Corp. had a positive return on equity of 13.56% and a negative net margin of 1.89%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities analysts predict that The AES Corp. will post $0.99 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. purchased a new position in The AES Corp. during the second quarter valued at $133,000. Invictus RG boosted its position in The AES Corp. by 21.9% in the first quarter. Invictus RG now owns 11,906 shares of the company’s stock valued at $140,000 after buying an additional 2,140 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in The AES Corp. during the first quarter valued at $142,000. Nuveen Fund Advisors LLC purchased a new position in The AES Corp. during the second quarter valued at $192,000. Finally, Tredje AP fonden purchased a new position in The AES Corp. during the second quarter valued at $234,000. 94.54% of the stock is currently owned by hedge funds and other institutional investors.

About The AES Corp.

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

5 Day Chart for NYSE:AES

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