The AES (NYSE:AES) had its price target lowered by equities research analysts at Morgan Stanley from $14.00 to $12.50 in a research note issued on Wednesday. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 16.60% from the stock’s previous close.
Several other analysts also recently issued reports on AES. Zacks Investment Research raised shares of The AES from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday, August 17th. BidaskClub raised shares of The AES from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. ValuEngine downgraded shares of The AES from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank of Canada reissued a “hold” rating and set a $12.00 price target on shares of The AES in a research report on Monday, September 11th. Finally, SunTrust Banks reissued a “buy” rating and set a $15.00 price target on shares of The AES in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.70.
The AES (NYSE AES) traded down $0.14 during midday trading on Wednesday, reaching $10.72. 4,361,400 shares of the company traded hands, compared to its average volume of 5,329,626. The AES has a 52-week low of $10.00 and a 52-week high of $12.47. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.99 and a quick ratio of 0.89. The stock has a market capitalization of $7,171.80, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21.
In related news, COO Santos Bernerd Da bought 4,700 shares of the business’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $10.60 per share, for a total transaction of $49,820.00. Following the completion of the purchase, the chief operating officer now owns 96,186 shares of the company’s stock, valued at approximately $1,019,571.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas M. O’flynn bought 9,500 shares of the business’s stock in a transaction on Monday, November 13th. The stock was bought at an average price of $10.64 per share, for a total transaction of $101,080.00. Following the completion of the purchase, the chief financial officer now directly owns 219,131 shares of the company’s stock, valued at approximately $2,331,553.84. The disclosure for this purchase can be found here. Insiders acquired 38,832 shares of company stock worth $401,407 over the last quarter. 1.09% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of AES. IFP Advisors Inc lifted its stake in The AES by 80.5% in the second quarter. IFP Advisors Inc now owns 20,452 shares of the utilities provider’s stock valued at $227,000 after buying an additional 9,123 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of The AES by 464.4% during the second quarter. SG Americas Securities LLC now owns 262,845 shares of the utilities provider’s stock valued at $2,920,000 after purchasing an additional 216,274 shares in the last quarter. Everence Capital Management Inc. raised its stake in shares of The AES by 104.5% during the second quarter. Everence Capital Management Inc. now owns 28,654 shares of the utilities provider’s stock valued at $318,000 after purchasing an additional 14,640 shares in the last quarter. Community Bank & Trust Waco Texas bought a new stake in shares of The AES during the second quarter valued at about $134,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of The AES by 5.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock valued at $110,841,000 after purchasing an additional 541,021 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.
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The AES 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.
