The AES Corporation (NYSE:AES)‘s stock had its “equal weight” rating reissued by Morgan Stanley in a research note issued to investors on Friday.

AES has been the topic of several other research reports. BidaskClub raised The AES Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, August 24th. Finally, ValuEngine downgraded The AES Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $11.75.

Shares of The AES Corporation (NYSE AES) opened at 11.21 on Friday. The firm’s market capitalization is $7.40 billion. The firm has a 50-day moving average price of $11.18 and a 200 day moving average price of $11.33. The AES Corporation has a 12 month low of $10.60 and a 12 month high of $13.32.

The AES Corporation (NYSE:AES) last announced its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $2.97 billion. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The AES Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, analysts anticipate that The AES Corporation will post $1.05 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Balyasny Asset Management LLC raised its position in The AES Corporation by 20.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 288,539 shares of the utilities provider’s stock valued at $3,206,000 after purchasing an additional 48,995 shares during the last quarter. Hancock Holding Co. raised its position in The AES Corporation by 15.8% in the 2nd quarter. Hancock Holding Co. now owns 97,402 shares of the utilities provider’s stock valued at $1,083,000 after purchasing an additional 13,293 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in The AES Corporation by 60.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock valued at $30,628,000 after purchasing an additional 1,040,302 shares during the last quarter. Cibc World Markets Corp raised its position in The AES Corporation by 14.7% in the 2nd quarter. Cibc World Markets Corp now owns 191,283 shares of the utilities provider’s stock valued at $2,125,000 after purchasing an additional 24,444 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in The AES Corporation in the 2nd quarter valued at $5,339,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

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.

Analyst Recommendations for The AES Corporation (NYSE:AES)

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