AES (NYSE:AES) PT Raised to $25.00 at Morgan Stanley

AES (NYSE:AESGet Free Report) had its price target lifted by Morgan Stanley from $24.00 to $25.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 64.47% from the company’s previous close.

Several other research firms have also issued reports on AES. Barclays upped their price target on AES from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. StockNews.com raised AES to a “sell” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.17.

View Our Latest Analysis on AES

AES Stock Performance

AES stock opened at $15.20 on Wednesday. The stock has a market cap of $10.80 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. The company has a current ratio of 0.68, a quick ratio of 0.74 and a debt-to-equity ratio of 4.42. The stock has a 50 day moving average of $17.37 and a 200-day moving average of $16.80. AES has a 52 week low of $11.43 and a 52 week high of $25.74.

AES (NYSE:AESGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.36 billion. AES had a return on equity of 38.76% and a net margin of 2.12%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, analysts expect that AES will post 1.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Tish Mendoza sold 21,594 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $18.95, for a total value of $409,206.30. Following the completion of the transaction, the executive vice president now owns 167,261 shares of the company’s stock, valued at $3,169,595.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AES. Harbour Investments Inc. boosted its position in shares of AES by 17.6% in the 4th quarter. Harbour Investments Inc. now owns 3,513 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 527 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of AES by 6.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 9,675 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 615 shares during the period. New York Life Investment Management LLC boosted its position in shares of AES by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 96,702 shares of the utilities provider’s stock valued at $1,470,000 after purchasing an additional 665 shares during the period. Global Retirement Partners LLC boosted its position in shares of AES by 18.0% in the 4th quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 668 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of AES by 0.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 294,689 shares of the utilities provider’s stock valued at $6,109,000 after purchasing an additional 754 shares during the period. Institutional investors own 94.49% of the company’s stock.

About AES

(Get Free Report)

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.

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