AES (NYSE:AES - Get Free Report) had its target price lifted by stock analysts at Susquehanna from $15.00 to $16.00 in a report released on Monday,Benzinga reports. The firm currently has a "positive" rating on the utilities provider's stock. Susquehanna's target price would suggest a potential upside of 16.99% from the stock's current price.
Other equities research analysts also recently issued reports about the company. Jefferies Financial Group downgraded AES from a "hold" rating to an "underperform" rating and decreased their target price for the stock from $10.00 to $9.00 in a research report on Tuesday, May 20th. Argus reissued a "hold" rating on shares of AES in a research note on Tuesday, May 27th. JPMorgan Chase & Co. reduced their price objective on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen lowered shares of AES from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Wells Fargo & Company upped their target price on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, AES presently has an average rating of "Moderate Buy" and an average target price of $24.33.
Read Our Latest Stock Report on AES
AES Price Performance
Shares of AES stock traded up $0.31 during trading hours on Monday, hitting $13.68. The company's stock had a trading volume of 3,072,884 shares, compared to its average volume of 16,444,359. The business has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $11.20. AES has a 12-month low of $9.46 and a 12-month high of $20.30. The company has a market cap of $9.74 billion, a PE ratio of 7.44, a PEG ratio of 1.79 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.78 and a current ratio of 0.84.
AES (NYSE:AES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.13 billion. AES had a return on equity of 18.06% and a net margin of 10.67%. AES's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Analysts expect that AES will post 1.93 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Community Trust & Investment Co. increased its stake in shares of AES by 37.4% in the 1st quarter. Community Trust & Investment Co. now owns 291,418 shares of the utilities provider's stock valued at $3,619,000 after purchasing an additional 79,355 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of AES by 2.5% in the first quarter. Principal Financial Group Inc. now owns 824,080 shares of the utilities provider's stock valued at $10,235,000 after purchasing an additional 20,109 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of AES by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,270,543 shares of the utilities provider's stock valued at $15,780,000 after purchasing an additional 148,772 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of AES by 141.0% in the first quarter. Perigon Wealth Management LLC now owns 66,841 shares of the utilities provider's stock valued at $830,000 after purchasing an additional 39,107 shares in the last quarter. Finally, Patrick Mauro Investment Advisor INC. grew its position in shares of AES by 516.6% in the first quarter. Patrick Mauro Investment Advisor INC. now owns 528,745 shares of the utilities provider's stock valued at $6,567,000 after purchasing an additional 442,987 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company's stock.
About AES
(
Get Free Report)
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.
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