AES (NYSE:AES) PT Raised to $23.00

AES (NYSE:AES) had its target price increased by investment analysts at Barclays from $22.00 to $23.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would indicate a potential upside of 35.29% from the company’s previous close.

Other analysts have also issued research reports about the company. Evercore ISI raised AES to a “strong-buy” rating in a report on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AES currently has an average rating of “Moderate Buy” and an average price target of $22.57.

AES Trading Down 1.2 %

AES stock opened at $17.00 on Monday. AES has a one year low of $13.55 and a one year high of $22.21. The business’s fifty day moving average is $18.00 and its 200 day moving average is $18.34. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a market capitalization of $12.08 billion, a PE ratio of 23.61 and a beta of 1.07.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that AES will post 1.9 EPS for the current year.

Institutional Trading of AES

Large investors have recently bought and sold shares of the stock. Rise Advisors LLC lifted its stake in AES by 92.4% during the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 720 shares during the period. Rothschild Investment LLC purchased a new stake in AES in the second quarter valued at $28,000. UMB Bank n.a. raised its stake in shares of AES by 102.3% during the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after buying an additional 898 shares during the last quarter. Riverview Trust Co acquired a new position in shares of AES in the 1st quarter valued at about $33,000. Finally, nVerses Capital LLC acquired a new stake in AES during the second quarter worth about $33,000. Hedge funds and other 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.