Morgan Stanley Reiterates “Equal Weight” Rating for The AES Corporation (AES)
The AES Corporation (NYSE:AES)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Morgan Stanley in a research report issued on Monday.
AES has been the topic of a number of other reports. Zacks Investment Research upgraded shares of The AES Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Argus restated a “hold” rating on shares of The AES Corporation in a report on Thursday, March 23rd. BidaskClub lowered shares of The AES Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, ValuEngine lowered shares of The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $12.33.
Shares of The AES Corporation (NYSE:AES) opened at 10.93 on Monday. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $13.32. The company’s 50-day moving average is $11.62 and its 200 day moving average is $11.50. The firm’s market capitalization is $7.22 billion.
The AES Corporation (NYSE:AES) last released its earnings results on Monday, May 8th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.46 billion. The AES Corporation had a negative net margin of 9.27% and a positive return on equity of 14.71%. The AES Corporation’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. Equities analysts expect that The AES Corporation will post $1.05 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in The AES Corporation during the first quarter worth approximately $117,000. IFP Advisors Inc increased its position in The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,489 shares in the last quarter. HRT Financial LLC bought a new position in The AES Corporation during the first quarter worth approximately $132,000. Pacer Advisors Inc. increased its position in The AES Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock worth $150,000 after buying an additional 402 shares in the last quarter. Finally, FNY Partners Fund LP bought a new position in The AES Corporation during the first quarter worth approximately $167,000. 93.79% of the stock is owned by institutional investors.
The AES Corporation Company Profile
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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