UBS Group Begins Coverage on AES (AES)

Equities researchers at UBS Group began coverage on shares of AES (NYSE:AES) in a report released on Friday, www.benzinga.com reports. The brokerage set a “neutral” rating and a $12.00 price target on the utilities provider’s stock. UBS Group’s price objective would suggest a potential upside of 7.91% from the company’s previous close.

A number of other research firms have also issued reports on AES. ValuEngine raised AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America raised AES from an “underperform” rating to a “neutral” rating and set a $11.50 price target on the stock in a research report on Tuesday, October 24th. Finally, Morgan Stanley reduced their price target on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.58.

AES (NYSE:AES) traded down $0.39 on Friday, reaching $11.12. The company had a trading volume of 10,120,041 shares, compared to its average volume of 11,413,281. AES has a 1 year low of $10.00 and a 1 year high of $12.05. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20. The firm has a market cap of $7,601.05, a price-to-earnings ratio of -9.50, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26.

AES (NYSE:AES) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). AES had a positive return on equity of 15.14% and a negative net margin of 5.43%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the company posted $0.32 EPS. AES’s revenue was up 2.5% on a year-over-year basis. research analysts anticipate that AES will post 1.01 earnings per share for the current year.

In other AES news, CFO Thomas M. O’flynn acquired 9,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $10.64 per share, for a total transaction of $101,080.00. Following the acquisition, the chief financial officer now owns 219,131 shares in the company, valued at approximately $2,331,553.84. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Santos Bernerd Da acquired 4,700 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $10.60 per share, for a total transaction of $49,820.00. Following the acquisition, the chief operating officer now owns 96,186 shares in the company, valued at approximately $1,019,571.60. The disclosure for this purchase can be found here. Insiders acquired a total of 38,832 shares of company stock worth $401,407 in the last ninety days. 1.09% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AES. Mutual of America Capital Management LLC increased its holdings in shares of AES by 51.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 132,133 shares of the utilities provider’s stock valued at $1,468,000 after acquiring an additional 45,083 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in shares of AES 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 acquiring an additional 48,995 shares during the last quarter. Shell Asset Management Co. increased its holdings in shares of AES by 159.5% in the 3rd quarter. Shell Asset Management Co. now owns 107,106 shares of the utilities provider’s stock valued at $1,519,000 after acquiring an additional 65,837 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of AES in the 3rd quarter valued at about $21,256,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of AES by 14.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 214,864 shares of the utilities provider’s stock valued at $2,367,000 after acquiring an additional 26,888 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

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About AES

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 AES (NYSE:AES)

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