Brokerages Set The AES Corporation (NYSE:AES) PT at $15.62

The AES Corporation (NYSE:AES) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.6250.

AES has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Susquehanna lowered AES from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research report on Thursday, April 9th. Finally, Argus lowered shares of AES from a “buy” rating to a “hold” rating in a report on Thursday, March 26th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in AES by 99.8% in the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock valued at $201,215,000 after buying an additional 7,133,230 shares in the last quarter. Kryger Capital LLC purchased a new stake in AES during the 1st quarter worth approximately $31,702,000. Sound Shore Management Inc. CT raised its holdings in shares of AES by 17.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock valued at $98,922,000 after acquiring an additional 1,002,530 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of AES by 247.6% in the second quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock valued at $10,185,000 after acquiring an additional 689,741 shares in the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock worth $7,780,000 after acquiring an additional 531,251 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Up 0.2%

NYSE:AES opened at $14.79 on Friday. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.73 and a quick ratio of 0.65. The company’s fifty day moving average price is $14.62 and its 200-day moving average price is $14.69. AES has a 1-year low of $12.33 and a 1-year high of $17.65. The firm has a market capitalization of $10.55 billion, a P/E ratio of 7.91 and a beta of 0.96.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.50 by $0.18. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. AES had a net margin of 10.78% and a return on equity of 22.66%. As a group, equities research analysts anticipate that AES will post 2.27 EPS for the current year.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.