Barclays Reiterates “Equal Weight” Rating for AES (NYSE:AES)

AES (NYSE:AES)‘s stock had its “equal weight” rating reaffirmed by Barclays in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $15.00 target price on the utilities provider’s stock. Barclays‘s price target points to a potential downside of 3.61% from the stock’s current price.

A number of other research firms also recently commented on AES. Morgan Stanley lifted their target price on AES from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Mizuho boosted their price objective on shares of AES from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AES in a research report on Monday, December 29th. Argus upgraded shares of AES from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, December 5th. Finally, Jefferies Financial Group increased their price objective on shares of AES from $13.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.08.

AES Stock Down 1.2%

NYSE AES opened at $15.56 on Wednesday. The business’s fifty day simple moving average is $14.27 and its 200-day simple moving average is $13.85. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 3.15. The firm has a market cap of $11.08 billion, a PE ratio of 9.73, a P/E/G ratio of 0.58 and a beta of 1.00. AES has a 52 week low of $9.46 and a 52 week high of $16.19.

AES (NYSE:AES) last released its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. AES had a net margin of 9.47% and a return on equity of 18.83%. AES’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. As a group, equities analysts anticipate that AES will post 1.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AES. Bogart Wealth LLC increased its holdings in AES by 406.5% during the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,500 shares during the period. Cromwell Holdings LLC grew its position in shares of AES by 232.5% during the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock worth $33,000 after buying an additional 1,737 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of AES by 50.8% during the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after buying an additional 1,146 shares during the period. First Horizon Advisors Inc. raised its holdings in AES by 448.3% in the second quarter. First Horizon Advisors Inc. now owns 9,836 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 8,042 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan lifted its stake in AES by 108.0% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 7,280 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 3,780 shares during the last quarter. 93.13% of the stock is currently owned by hedge funds and other 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.