AES's (AES) "Outperform" Rating Reiterated at Royal Bank of Canada

AES (NYSE:AES - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Royal Bank of Canada in a report issued on Tuesday, Benzinga reports. They currently have a $22.00 price target on the utilities provider's stock. Royal Bank of Canada's target price would suggest a potential upside of 20.48% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. UBS Group lowered their price target on shares of AES from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 3rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $25.00 price target on shares of AES in a report on Monday, March 25th. Argus reaffirmed a "buy" rating and issued a $25.00 price target on shares of AES in a report on Tuesday, March 26th. Finally, Barclays lowered their price target on shares of AES from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.29.

AES Stock Down 0.2 %

AES stock traded down $0.04 during mid-day trading on Tuesday, reaching $18.26. 7,804,162 shares of the company traded hands, compared to its average volume of 8,455,209. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 55.52 and a beta of 1.08. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 4.42. AES has a fifty-two week low of $11.43 and a fifty-two week high of $25.74. The firm's 50 day moving average price is $16.44 and its 200 day moving average price is $16.58.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. AES had a net margin of 2.12% and a return on equity of 38.76%. The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.36 billion. During the same quarter last year, the firm earned $0.49 EPS. The company's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that AES will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Coppell Advisory Solutions Corp. bought a new position in shares of AES in the fourth quarter worth $27,000. Gyon Technologies Capital Management LP bought a new position in shares of AES in the fourth quarter worth $32,000. Resurgent Financial Advisors LLC bought a new position in shares of AES in the fourth quarter worth $34,000. Quent Capital LLC increased its holdings in shares of AES by 55.0% in the third quarter. Quent Capital LLC now owns 2,417 shares of the utilities provider's stock worth $37,000 after purchasing an additional 858 shares during the period. Finally, Glassman Wealth Services increased its stake in AES by 186.1% in the fourth quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,254 shares during the last quarter. Institutional investors own 93.13% of the company's stock.

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.