AES (NYSE:AES) Coverage Initiated by Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group assumed coverage on shares of AES (NYSE:AES) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $20.00 price target on the utilities provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 10.34% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Seaport Res Ptn cut AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Mizuho upped their target price on shares of AES from $21.00 to $24.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Barclays lowered their price target on shares of AES from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

AES Stock Up 1.5 %

AES stock opened at $18.13 on Wednesday. AES has a fifty-two week low of $11.43 and a fifty-two week high of $22.21. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97. The stock’s fifty day moving average is $17.30 and its two-hundred day moving average is $17.87. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 25.17 and a beta of 1.07.

AES (NYSE:AES) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts predict that AES will post 1.91 EPS for the current fiscal year.

Institutional Trading of AES

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC increased its position in shares of AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 720 shares in the last quarter. Rothschild Investment LLC acquired a new stake in AES in the 2nd quarter valued at $28,000. UMB Bank n.a. raised its position in AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares during the period. Riverview Trust Co purchased a new stake in shares of AES in the first quarter worth about $33,000. Finally, nVerses Capital LLC acquired a new stake in shares of AES in the second quarter valued at about $33,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

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.