AES (NYSE:AES) Price Target Lowered to $15.00 at Mizuho

AES (NYSE:AES) had its price objective lowered by equities researchers at Mizuho from $16.00 to $15.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price objective would indicate a potential upside of 38.33% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research note on Friday, December 13th. Susquehanna lowered their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. HSBC began coverage on AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective for the company. Bank of America raised AES from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $13.00 in a research report on Tuesday. Finally, Barclays decreased their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.90.

AES Stock Down 3.1 %

Shares of AES traded down $0.35 during midday trading on Tuesday, hitting $10.84. The company had a trading volume of 4,493,126 shares, compared to its average volume of 15,783,768. 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 has a 52 week low of $9.88 and a 52 week high of $22.21. The company’s 50 day moving average price is $11.51 and its 200 day moving average price is $14.52. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 0.82 and a beta of 0.99.

AES (NYSE:AES) last released its earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the business posted $0.73 EPS. On average, equities research analysts predict that AES will post 1.93 EPS for the current year.

Hedge Funds Weigh In On AES

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in AES in the fourth quarter worth $121,627,000. FMR LLC boosted its stake in shares of AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider’s stock worth $632,865,000 after acquiring an additional 8,027,426 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of AES by 35.7% during the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider’s stock valued at $367,499,000 after acquiring an additional 7,519,129 shares during the last quarter. Invesco Ltd. raised its stake in shares of AES by 64.2% in the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider’s stock valued at $205,261,000 after acquiring an additional 6,238,087 shares in the last quarter. Finally, State Street Corp boosted its position in AES by 18.2% during the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after purchasing an additional 5,960,546 shares during the period. 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.