Barclays Has Lowered Expectations for AES (NYSE:AES) Stock Price

AES (NYSE:AES) had its price target decreased by equities researchers at Barclays from $17.00 to $12.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 3.40% from the company’s current price.

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

AES Trading Up 0.7 %

NYSE:AES opened at $11.61 on Monday. The company has a market cap of $8.25 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. AES has a twelve month low of $11.08 and a twelve month high of $22.21. The business has a 50 day moving average price of $12.77 and a two-hundred day moving average price of $15.68. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, analysts expect that AES will post 1.95 EPS for the current fiscal year.

Institutional Investors Weigh In On AES

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in AES by 18.2% in the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock valued at $775,354,000 after buying an additional 5,960,546 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of AES by 169.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider’s stock valued at $43,002,000 after purchasing an additional 1,348,195 shares during the last quarter. Two Sigma Advisers LP increased its position in AES by 30.3% during the 3rd 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. Bridgewater Associates LP bought a new stake in shares of AES during the third quarter worth $17,390,000. Finally, M&G PLC lifted its stake 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. Institutional investors 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.