AES (NYSE:AES) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $12.00 to $13.00 in a report released on Monday. The brokerage presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 20.37% from the stock’s previous close.
AES has been the subject of a number of other reports. Morgan Stanley lowered their price target on shares of AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Wednesday, December 13th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. SunTrust Banks set a $14.00 price target on shares of AES and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, UBS initiated coverage on shares of AES in a report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.50.
Shares of AES stock traded down $0.04 during midday trading on Monday, hitting $10.80. 537,406 shares of the stock were exchanged, compared to its average volume of 9,547,066. The stock has a market capitalization of $7,159.74, a P/E ratio of -6.14, a PEG ratio of 1.13 and a beta of 1.26. AES has a 1-year low of $9.86 and a 1-year high of $12.05. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.67.
AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.47 billion. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. analysts expect that AES will post 1.18 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Brandywine Global Investment Management LLC grew its holdings in AES by 2.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 195,772 shares of the utilities provider’s stock valued at $2,121,000 after purchasing an additional 5,350 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in AES by 1.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 348,490 shares of the utilities provider’s stock valued at $3,773,000 after purchasing an additional 5,700 shares during the period. Corient Capital Partners LLC grew its holdings in AES by 2.4% in the fourth quarter. Corient Capital Partners LLC now owns 277,605 shares of the utilities provider’s stock valued at $3,006,000 after purchasing an additional 6,543 shares during the period. Jefferies Group LLC grew its stake in AES by 2.3% during the fourth quarter. Jefferies Group LLC now owns 300,000 shares of the utilities provider’s stock worth $3,249,000 after buying an additional 6,766 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in AES by 19.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock worth $453,000 after buying an additional 6,921 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.
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The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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