Shares of AES Corp (NYSE:AES) have earned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $12.50.
AES has been the topic of several analyst reports. ValuEngine cut AES from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Morgan Stanley reduced their price objective on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th. SunTrust Banks set a $14.00 price objective on AES and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, UBS Group initiated coverage on AES in a research note on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price objective on the stock.
A number of large investors have recently bought and sold shares of the stock. Brandywine Global Investment Management LLC grew its holdings in shares of AES by 2.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 195,772 shares of the utilities provider’s stock worth $2,121,000 after buying an additional 5,350 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in AES by 1.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 348,490 shares of the utilities provider’s stock worth $3,773,000 after purchasing an additional 5,700 shares during the last quarter. Corient Capital Partners LLC grew its position in AES by 2.4% in the 4th quarter. Corient Capital Partners LLC now owns 277,605 shares of the utilities provider’s stock worth $3,006,000 after purchasing an additional 6,543 shares during the last quarter. Jefferies Group LLC grew its position in AES by 2.3% in the 4th quarter. Jefferies Group LLC now owns 300,000 shares of the utilities provider’s stock worth $3,249,000 after purchasing an additional 6,766 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in AES by 19.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 6,921 shares during the last quarter. 93.45% of the stock is currently owned by hedge funds and other institutional investors.
AES (NYSE:AES) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.47 billion. AES had a positive return on equity of 16.52% and a negative net margin of 8.77%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. equities research analysts predict that AES will post 1.18 EPS for the current year.
AES Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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