AES (NYSE:AES) Shares Pass Above 200-Day Moving Average – What’s Next?

The AES Corporation (NYSE:AES) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.51 and traded as high as $14.72. AES shares last traded at $14.6950, with a volume of 9,522,016 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AES shares. Susquehanna downgraded AES from a “positive” rating to a “neutral” rating and cut their price target for the stock from $16.00 to $15.00 in a research report on Thursday, April 9th. Mizuho downgraded AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Argus downgraded AES from a “buy” rating to a “hold” rating in a research report on Thursday, March 26th. Barclays reaffirmed an “equal weight” rating and set a $15.00 price target on shares of AES in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AES in a research note on Monday. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.63.

AES Price Performance

The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 7.86 and a beta of 0.96. The stock has a 50-day moving average price of $14.43 and a 200 day moving average price of $14.52.

AES (NYSE:AES) last posted its earnings results on Monday, March 2nd. The utilities provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. AES had a return on equity of 22.66% and a net margin of 10.78%.The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $0.54 EPS. As a group, equities research analysts expect that The AES Corporation will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new position in AES in the 3rd quarter valued at about $4,585,000. SG Americas Securities LLC lifted its stake in AES by 128.6% in the 4th quarter. SG Americas Securities LLC now owns 7,147,438 shares of the utilities provider’s stock valued at $102,494,000 after buying an additional 4,021,385 shares in the last quarter. Advisors Preferred LLC purchased a new position in AES in the 3rd quarter valued at about $867,000. Horizon Investments LLC lifted its stake in AES by 4,710.9% in the 4th quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock valued at $7,780,000 after buying an additional 531,251 shares in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in AES in the 4th quarter valued at about $585,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

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.