The AES Corporation (NYSE:AES) Receives $15.63 Average Price Target from Brokerages

The AES Corporation (NYSE:AES) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $15.6250.

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Susquehanna lowered shares of AES from a “positive” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $15.00 in a report on Thursday, April 9th. Morgan Stanley reiterated an “equal weight” rating and set a $15.00 price target (down from $23.00) on shares of AES in a report on Friday, March 6th. Finally, Mizuho lowered shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AES. Root Financial Partners LLC raised its holdings in AES by 259.9% in the 1st quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,038 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in AES in the 4th quarter worth $42,000. EverSource Wealth Advisors LLC raised its holdings in AES by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 2,006 shares in the last quarter. Sound Income Strategies LLC bought a new position in AES in the 1st quarter worth $78,000. Finally, Canada Post Corp Registered Pension Plan raised its holdings in AES by 108.0% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 7,280 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 3,780 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

AES stock opened at $14.66 on Tuesday. AES has a one year low of $10.02 and a one year high of $17.65. The stock has a market cap of $10.45 billion, a PE ratio of 7.84 and a beta of 0.96. The firm has a 50 day simple moving average of $14.55 and a two-hundred day simple moving average of $14.59. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.73 and a quick ratio of 0.65.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.18. AES had a net margin of 10.78% and a return on equity of 22.66%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.11 billion. On average, analysts predict that AES will post 2.27 EPS for the current fiscal year.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.