AES (NYSE:AES) had its price target upped by analysts at JPMorgan Chase & Co. from $12.00 to $13.00 in a research note issued on Monday. The brokerage currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 21.38% from the stock’s current price.
A number of other equities analysts have also recently issued reports on AES. ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. UBS assumed coverage on shares of AES in a report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 target price on the stock. SunTrust Banks set a $14.00 target price on shares of AES and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Morgan Stanley cut their target price on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. AES currently has a consensus rating of “Hold” and a consensus target price of $12.50.
AES stock opened at $10.71 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 3.67. AES has a twelve month low of $9.86 and a twelve month high of $12.05. The stock has a market cap of $7,159.74, a PE ratio of -6.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.26.
AES (NYSE:AES) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.11. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company posted $0.30 earnings per share. AES’s revenue was down .6% on a year-over-year basis. equities analysts expect that AES will post 1.18 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in shares of AES by 7.9% during the third quarter. Public Employees Retirement System of Ohio now owns 312,162 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 22,799 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of AES by 39.3% during the third quarter. Schroder Investment Management Group now owns 1,091,840 shares of the utilities provider’s stock valued at $12,098,000 after buying an additional 307,915 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of AES during the third quarter valued at approximately $668,000. Convergence Investment Partners LLC bought a new stake in shares of AES during the fourth quarter valued at approximately $3,449,000. Finally, Wellington Shields Capital Management LLC bought a new stake in shares of AES during the fourth quarter valued at approximately $1,692,000. 93.44% of the stock is currently owned by institutional investors.
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The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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