The AES (NYSE:AES) had its price objective lowered by research analysts at Morgan Stanley from $14.00 to $12.50 in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 17.59% from the company’s previous close.

A number of other analysts also recently weighed in on the company. ValuEngine upgraded The AES from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America upgraded The AES from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, November 13th. SunTrust Banks restated a “buy” rating and issued a $15.00 price target on shares of The AES in a research note on Wednesday, September 13th. Zacks Investment Research downgraded The AES from a “buy” rating to a “sell” rating in a research note on Monday, September 11th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $12.00 price target on shares of The AES in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.70.

Shares of The AES (NYSE:AES) traded down $0.02 during mid-day trading on Wednesday, hitting $10.63. The company’s stock had a trading volume of 5,587,800 shares, compared to its average volume of 5,332,631. The AES has a one year low of $10.00 and a one year high of $12.10. The stock has a market cap of $7,020.00, a P/E ratio of 10.55, a P/E/G ratio of 1.28 and a beta of 1.21. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20.

The AES (NYSE:AES) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts expect that The AES will post 1.01 EPS for the current year.

In other news, insider Andres Gluski acquired 24,632 shares of The AES stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, with a total value of $250,507.44. Following the completion of the acquisition, the insider now owns 868,396 shares in the company, valued at approximately $8,831,587.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas M. O’flynn acquired 9,500 shares of The AES stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $10.64 per share, with a total value of $101,080.00. Following the completion of the acquisition, the chief financial officer now owns 219,131 shares of the company’s stock, valued at approximately $2,331,553.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 38,832 shares of company stock valued at $401,407. 1.09% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Northern Capital Management LLC raised its holdings in The AES by 21.3% during the second quarter. Northern Capital Management LLC now owns 93,000 shares of the utilities provider’s stock worth $1,033,000 after purchasing an additional 16,350 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in The AES by 5.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock worth $110,841,000 after purchasing an additional 541,021 shares during the last quarter. Hancock Holding Co. raised its holdings in The AES by 15.8% during the second quarter. Hancock Holding Co. now owns 97,402 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 13,293 shares during the last quarter. Nationwide Fund Advisors raised its holdings in The AES by 9.7% during the second quarter. Nationwide Fund Advisors now owns 1,152,274 shares of the utilities provider’s stock worth $12,802,000 after purchasing an additional 102,083 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in The AES during the second quarter worth $5,339,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

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The AES Company Profile

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.

Analyst Recommendations for The AES (NYSE:AES)

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