AES (NYSE:AES)‘s stock had its “hold” rating reissued by Morgan Stanley in a report released on Thursday. They presently have a $14.50 price target on the utilities provider’s stock, up from their prior price target of $14.00. Morgan Stanley’s price target indicates a potential downside of 1.02% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Bank of America cut shares of AES from a “neutral” rating to an “underperform” rating and set a $12.50 target price for the company. in a research report on Monday, July 2nd. Zacks Investment Research cut shares of AES from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. UBS Group raised their price target on shares of AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, June 20th. Finally, ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.00.

NYSE:AES opened at $14.65 on Thursday. AES has a 52 week low of $9.86 and a 52 week high of $15.11. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.32 and a quick ratio of 1.18. The company has a market cap of $9.26 billion, a P/E ratio of 13.56, a PEG ratio of 1.44 and a beta of 1.20.

AES (NYSE:AES) last posted its earnings results on Tuesday, August 7th. The utilities provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). AES had a negative net margin of 1.87% and a positive return on equity of 19.26%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $3.41 billion. As a group, equities analysts anticipate that AES will post 1.21 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC World Markets Inc. raised its holdings in shares of AES by 2.7% in the second quarter. CIBC World Markets Inc. now owns 147,954 shares of the utilities provider’s stock worth $1,984,000 after buying an additional 3,846 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of AES by 2.2% in the first quarter. Stifel Financial Corp now owns 209,738 shares of the utilities provider’s stock worth $2,419,000 after buying an additional 4,462 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of AES by 1.7% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 280,887 shares of the utilities provider’s stock worth $3,767,000 after purchasing an additional 4,664 shares during the last quarter. Kendall Capital Management raised its holdings in shares of AES by 5.9% during the second quarter. Kendall Capital Management now owns 88,225 shares of the utilities provider’s stock worth $1,183,000 after purchasing an additional 4,925 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of AES by 4.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 114,776 shares of the utilities provider’s stock worth $1,305,000 after purchasing an additional 5,006 shares during the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

About AES

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

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Analyst Recommendations for AES (NYSE:AES)

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