The AES Corporation (NYSE:AES) Receives $15.63 Consensus Target Price from Analysts

The AES Corporation (NYSE:AES) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.6250.

A number of equities research analysts have recently weighed in on the company. Mizuho lowered AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Argus lowered AES from a “buy” rating to a “hold” rating in a research note on Thursday, March 26th. Barclays restated an “equal weight” rating and set a $15.00 price target on shares of AES in a research note on Wednesday, February 4th. Morgan Stanley restated an “equal weight” rating and set a $15.00 price target (down from $23.00) on shares of AES in a research note on Friday, March 6th. Finally, Wall Street Zen upgraded AES from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th.

AES Stock Performance

Shares of AES stock opened at $14.68 on Friday. The company has a market capitalization of $10.47 billion, a PE ratio of 7.85 and a beta of 0.97. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.65 and a current ratio of 0.73. The company has a 50-day simple moving average of $14.36 and a two-hundred day simple moving average of $14.49. AES has a one year low of $9.58 and a one year high of $17.65.

AES (NYSE:AES) last announced its earnings results on Monday, March 2nd. The utilities provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 10.78% and a return on equity of 22.66%. During the same period in the previous year, the company posted $0.54 earnings per share. Research analysts expect that AES will post 2.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Root Financial Partners LLC increased its holdings in shares of AES by 259.9% in the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,038 shares during the period. Los Angeles Capital Management LLC purchased a new stake in AES in the fourth quarter valued at approximately $42,000. EverSource Wealth Advisors LLC boosted its position in AES by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock valued at $75,000 after buying an additional 2,006 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in AES in the first quarter valued at approximately $78,000. Finally, Canada Post Corp Registered Pension Plan boosted its position in AES by 108.0% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 7,280 shares of the utilities provider’s stock valued at $104,000 after buying an additional 3,780 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

About AES

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.