Brokerages Set The AES Corporation (NYSE:AES) PT at $15.63

Shares of The AES Corporation (NYSE:AES) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $15.6250.

Several research analysts have recently issued reports on AES shares. Argus lowered AES from a “buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings restated a “hold (c)” rating on shares of AES in a research report on Monday, June 1st. Morgan Stanley restated an “equal weight” rating and issued a $15.00 price target (down from $23.00) on shares of AES in a research report on Friday, March 6th. Wall Street Zen upgraded AES from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Susquehanna lowered AES from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $15.00 in a research report on Thursday, April 9th.

AES Stock Down 0.0%

NYSE:AES opened at $14.62 on Tuesday. AES has a 12-month low of $10.02 and a 12-month high of $17.65. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $10.42 billion, a P/E ratio of 7.82 and a beta of 0.96. The stock’s fifty day simple moving average is $14.54 and its 200-day simple moving average is $14.58.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.18. AES had a return on equity of 22.66% and a net margin of 10.78%.The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. Equities research analysts expect that AES will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in AES by 99.8% during the first quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock worth $201,215,000 after acquiring an additional 7,133,230 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in AES by 0.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,882,251 shares of the utilities provider’s stock worth $103,730,000 after acquiring an additional 69,622 shares in the last quarter. Sound Shore Management Inc. CT lifted its holdings in AES by 17.0% during the fourth quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock worth $98,922,000 after acquiring an additional 1,002,530 shares in the last quarter. Kryger Capital LLC bought a new position in AES during the first quarter worth about $31,702,000. Finally, Rhumbline Advisers lifted its holdings in AES by 0.4% during the third quarter. Rhumbline Advisers now owns 1,329,577 shares of the utilities provider’s stock worth $17,497,000 after acquiring an additional 5,669 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

About AES

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.