ValuEngine cut shares of AES (NYSE:AES) from a buy rating to a hold rating in a research report released on Thursday.

Several other research firms also recently weighed in on AES. UBS Group assumed coverage on AES in a research note on Friday, February 2nd. They issued a neutral rating and a $12.00 price objective for the company. Bank of America raised AES from an underperform rating to a neutral rating and set a $11.50 price objective for the company in a research note on Tuesday, October 24th. Finally, Morgan Stanley dropped their price objective on AES from $14.00 to $12.50 and set an equal weight rating for the company in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $12.58.

AES (NYSE:AES) opened at $10.20 on Thursday. AES has a one year low of $9.86 and a one year high of $12.05. The firm has a market capitalization of $6,830.00, a P/E ratio of -340.00, a P/E/G ratio of 1.06 and a beta of 1.26. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.13 dividend. This is an increase from AES’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Wednesday, January 31st. AES’s dividend payout ratio (DPR) is presently -1,733.33%.

In other news, COO Santos Bernerd Da acquired 4,700 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $10.60 per share, with a total value of $49,820.00. Following the purchase, the chief operating officer now directly owns 96,186 shares of the company’s stock, valued at approximately $1,019,571.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas M. O’flynn bought 9,500 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average price of $10.64 per share, for a total transaction of $101,080.00. Following the acquisition, the chief financial officer now owns 219,131 shares in the company, valued at approximately $2,331,553.84. The disclosure for this purchase can be found here. Company insiders own 1.09% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Alexandria Capital LLC grew its holdings in AES by 52,515.0% during the 4th quarter. Alexandria Capital LLC now owns 175,208 shares of the utilities provider’s stock valued at $1,898,000 after buying an additional 174,875 shares during the last quarter. AI Financial Services LLC acquired a new stake in AES during the 4th quarter valued at $2,060,000. FDx Advisors Inc. grew its holdings in AES by 98.1% during the 4th quarter. FDx Advisors Inc. now owns 215,709 shares of the utilities provider’s stock valued at $2,336,000 after buying an additional 106,836 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in AES by 10.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 95,939 shares of the utilities provider’s stock valued at $1,039,000 after buying an additional 9,315 shares during the last quarter. Finally, American International Group Inc. grew its holdings in AES by 15.8% during the 4th quarter. American International Group Inc. now owns 459,143 shares of the utilities provider’s stock valued at $4,973,000 after buying an additional 62,520 shares during the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AES (NYSE:AES)

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