The AES Co. (NYSE:AES) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The AES Co. (NYSE:AES) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $22.50.

A number of equities analysts recently commented on AES shares. Morgan Stanley restated an “overweight” rating and set a $25.00 target price on shares of AES in a report on Monday, March 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of AES in a research note on Tuesday, April 9th. Argus reiterated a “buy” rating and issued a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Mizuho lifted their price objective on AES from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Seaport Res Ptn cut AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new position in shares of AES in the first quarter valued at approximately $33,000. Glassman Wealth Services boosted its stake in shares of AES by 186.1% in the fourth quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,254 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of AES by 68.8% in the fourth quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,088 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of AES in the fourth quarter valued at approximately $57,000. Finally, Allworth Financial LP boosted its stake in shares of AES by 133.7% in the fourth quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider’s stock valued at $60,000 after buying an additional 1,779 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Stock Down 0.5 %

Shares of NYSE:AES opened at $18.86 on Friday. The business has a 50-day moving average price of $19.27 and a 200 day moving average price of $18.01. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 26.19 and a beta of 1.11. AES has a 12-month low of $11.43 and a 12-month high of $22.60.

AES (NYSE:AES) last issued its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $3.09 billion during 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 company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. Sell-side analysts expect that AES will post 1.91 EPS for the current year.

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.