AES (NYSE:AES) Price Target Cut to $12.00 by Analysts at Barclays

AES (NYSE:AES) had its price objective decreased by investment analysts at Barclays from $17.00 to $12.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective indicates a potential upside of 9.04% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. HSBC assumed coverage on AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 target price on the stock. Bank of America initiated coverage on AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target for the company. Susquehanna cut their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho lowered their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

AES Stock Down 3.8 %

NYSE:AES opened at $11.01 on Monday. AES has a 1-year low of $10.81 and a 1-year high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a market cap of $7.82 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a 50-day moving average of $12.67 and a 200 day moving average of $15.57.

AES (NYSE:AES) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. As a group, research analysts anticipate that AES will post 1.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AES. State Street Corp raised its holdings in shares of AES by 18.2% in the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock valued at $775,354,000 after purchasing an additional 5,960,546 shares in the last quarter. Geode Capital Management LLC raised its stake in AES by 1.1% in the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider’s stock valued at $330,125,000 after buying an additional 181,975 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in AES by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider’s stock worth $134,286,000 after buying an additional 82,956 shares during the last quarter. M&G PLC increased its holdings in shares of AES by 12.7% in the 3rd quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after acquiring an additional 732,457 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in AES by 30.3% during the third quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider’s stock worth $77,000,000 after purchasing an additional 892,500 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Company Profile

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.