The AES Co. (NYSE:AES) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The AES Co. (NYSE:AES) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $22.88.

AES has been the topic of several recent analyst reports. Argus reaffirmed a “buy” rating and issued a $25.00 price target on shares of AES in a research report on Tuesday, March 26th. Seaport Res Ptn downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Mizuho upped their price objective on shares of AES from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Morgan Stanley reissued an “overweight” rating and set a $25.00 target price on shares of AES in a research report on Monday, March 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of AES in a report on Tuesday, April 9th.

AES Stock Up 1.0 %

Shares of AES stock opened at $19.09 on Friday. The stock has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $18.04. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 4.04. AES has a 12-month low of $11.43 and a 12-month high of $22.60. The stock has a market capitalization of $13.57 billion, a P/E ratio of 26.51 and a beta of 1.11.

AES (NYSE:AES) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.34 by $0.16. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.20 billion. AES had a net margin of 4.40% and a return on equity of 36.23%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Equities analysts expect that AES will post 1.91 earnings per share for the current year.

Institutional Investors Weigh In On AES

Several large investors have recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in AES by 18.0% in the fourth quarter. Global Retirement Partners LLC now owns 4,378 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 668 shares during the period. Concourse Financial Group Securities Inc. increased its position in shares of AES by 13.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 7,008 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 806 shares in the last quarter. Empirical Finance LLC lifted its holdings in AES by 4.7% during the 1st quarter. Empirical Finance LLC now owns 18,185 shares of the utilities provider’s stock valued at $326,000 after purchasing an additional 823 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in AES by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 205,127 shares of the utilities provider’s stock worth $3,679,000 after buying an additional 1,003 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of AES by 68.8% during the fourth quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider’s stock worth $51,000 after buying an additional 1,088 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

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.