AES (NYSE:AES) had its price target boosted by Morgan Stanley from $13.50 to $14.00 in a research report report published on Friday. They currently have a hold rating on the utilities provider’s stock.

A number of other research firms also recently commented on AES. Bank of America downgraded AES from a neutral rating to an underperform rating and set a $12.50 target price on the stock. in a research report on Monday, July 2nd. UBS Group boosted their target price on AES from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Wednesday, June 20th. Finally, Zacks Investment Research downgraded AES from a hold rating to a sell rating in a research report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $13.25.

AES opened at $13.96 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 3.24. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.44 and a beta of 1.22. AES has a one year low of $9.86 and a one year high of $14.11.

AES (NYSE:AES) last posted its earnings results on Tuesday, August 7th. The utilities provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $3.41 billion. AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. equities analysts anticipate that AES will post 1.21 earnings per share for the current year.

Several large investors have recently modified their holdings of AES. Glenmede Trust Co. NA lifted its position in shares of AES by 1,298.6% in the second quarter. Glenmede Trust Co. NA now owns 3,615,242 shares of the utilities provider’s stock valued at $48,481,000 after acquiring an additional 3,356,756 shares in the last quarter. WBI Investments Inc. purchased a new stake in shares of AES in the second quarter valued at $40,420,000. Bank of America Corp DE lifted its position in shares of AES by 56.6% in the second quarter. Bank of America Corp DE now owns 7,987,170 shares of the utilities provider’s stock valued at $107,107,000 after acquiring an additional 2,887,388 shares in the last quarter. Hexavest Inc. purchased a new stake in shares of AES in the second quarter valued at $36,387,000. Finally, Bank of Montreal Can lifted its position in shares of AES by 69.7% in the second quarter. Bank of Montreal Can now owns 4,072,594 shares of the utilities provider’s stock valued at $54,614,000 after acquiring an additional 1,672,483 shares in the last quarter. Institutional investors and hedge funds own 96.61% of the company’s stock.

AES Company Profile

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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Analyst Recommendations for AES (NYSE:AES)

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