The AES Co. (NYSE:AES – Get Rating) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.50.
AES has been the topic of a number of recent research reports. StockNews.com started coverage on AES in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Seaport Res Ptn reissued a “buy” rating on shares of AES in a report on Monday, April 4th. Susquehanna Bancshares cut their price target on shares of AES from $32.00 to $30.00 in a report on Tuesday, May 10th. Morgan Stanley decreased their price target on AES from $29.00 to $28.50 and set an “overweight” rating for the company in a report on Thursday. Finally, TheStreet lowered AES from a “b” rating to a “c-” rating in a research report on Tuesday, March 1st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. grew its stake in shares of AES by 1.2% during the fourth quarter. Whittier Trust Co. now owns 569,709 shares of the utilities provider’s stock valued at $13,838,000 after buying an additional 6,649 shares during the last quarter. Allegheny Financial Group LTD acquired a new stake in AES during the 4th quarter valued at approximately $67,000. Townsend & Associates Inc acquired a new stake in AES during the fourth quarter worth about $2,327,000. Third Point LLC raised its position in shares of AES by 53.3% in the fourth quarter. Third Point LLC now owns 5,750,000 shares of the utilities provider’s stock worth $139,725,000 after acquiring an additional 2,000,000 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in AES by 4.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 24,699 shares of the utilities provider’s stock worth $600,000 after acquiring an additional 1,000 shares during the period. 92.97% of the stock is owned by hedge funds and other institutional investors.
Shares of AES opened at $21.42 on Monday. The company has a debt-to-equity ratio of 4.64, a current ratio of 1.07 and a quick ratio of 0.95. AES has a 12-month low of $18.62 and a 12-month high of $27.00. The stock has a market capitalization of $14.31 billion, a P/E ratio of -79.33, a P/E/G ratio of 1.77 and a beta of 1.01. The firm’s 50 day moving average is $21.17 and its 200-day moving average is $22.44.
AES (NYSE:AES – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). AES had a negative net margin of 2.21% and a positive return on equity of 33.02%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that AES will post 1.61 EPS for the current fiscal year.
About AES (Get Rating)
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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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