AES (NYSE:AES) Now Covered by Analysts at Mizuho

Mizuho assumed coverage on shares of AES (NYSE:AES) in a report released on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $21.00 price target on the utilities provider’s stock. Mizuho’s price objective points to a potential upside of 30.11% from the company’s current price.

Several other research analysts have also recently commented on AES. Argus reaffirmed a “buy” rating and issued a $25.00 target price on shares of AES in a research report on Tuesday, March 26th. UBS Group cut their price objective on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Barclays cut their price objective on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $25.00 target price on shares of AES in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

AES Stock Up 1.4 %

AES opened at $16.14 on Thursday. The business has a 50 day moving average of $16.47 and a 200-day moving average of $16.64. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 48.91 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42. AES has a 1-year low of $11.43 and a 1-year high of $24.56.

AES (NYSE:AES) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AES had a return on equity of 38.76% and a net margin of 2.12%. AES’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. As a group, sell-side analysts anticipate that AES will post 1.91 earnings per share for the current year.

Institutional Trading of AES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AES. Cambridge Investment Research Advisors Inc. increased its position in AES by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 51,262 shares of the utilities provider’s stock worth $1,319,000 after purchasing an additional 5,594 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of AES by 9.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,659 shares of the utilities provider’s stock valued at $2,358,000 after purchasing an additional 7,975 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of AES by 1.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 309,233 shares of the utilities provider’s stock valued at $8,291,000 after purchasing an additional 3,755 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of AES by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 110,543 shares of the utilities provider’s stock valued at $2,844,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of AES by 24.2% during the 1st quarter. Cibc World Market Inc. now owns 22,300 shares of the utilities provider’s stock valued at $574,000 after purchasing an additional 4,351 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

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.