AES (NYSE:AES) PT Raised to $23.00

AES (NYSE:AES) had its price target hoisted by stock analysts at Barclays from $20.00 to $23.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective suggests a potential upside of 21.63% from the company’s current price.

Several other research analysts have also recently issued reports on AES. Argus reiterated a “buy” rating and set a $25.00 price target on shares of AES in a report on Tuesday, March 26th. Seaport Res Ptn cut AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of AES in a report on Tuesday, April 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 target price on shares of AES in a report on Monday, March 25th. Finally, UBS Group lowered their price objective on AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.88.

AES Trading Up 0.1 %

Shares of AES stock opened at $18.91 on Tuesday. The firm’s 50-day moving average price is $19.48 and its two-hundred day moving average price is $18.03. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 26.26 and a beta of 1.11. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 4.04. AES has a 12-month low of $11.43 and a 12-month high of $22.60.

AES (NYSE:AES) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.34 by $0.16. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.20 billion. AES had a return on equity of 36.23% and a net margin of 4.40%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. On average, analysts forecast that AES will post 1.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AES

A number of hedge funds and other institutional investors have recently modified their holdings of AES. Cape Investment Advisory Inc. purchased a new position in AES in the 1st quarter worth approximately $91,000. DekaBank Deutsche Girozentrale increased its stake in shares of AES by 6.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 40,871 shares of the utilities provider’s stock worth $699,000 after buying an additional 2,327 shares during the period. Pathway Financial Advisers LLC bought a new stake in AES during the 1st quarter valued at $118,000. Cetera Advisors LLC boosted its position in AES by 77.8% during the 1st quarter. Cetera Advisors LLC now owns 18,045 shares of the utilities provider’s stock valued at $324,000 after buying an additional 7,897 shares during the period. Finally, Wellington Shields & Co. LLC bought a new stake in AES in the 1st quarter worth $746,000. Institutional investors own 93.13% of the company’s stock.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.