AES (AES) PT Raised to $14.00 at Morgan Stanley
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.
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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