AES (NYSE:AES) Now Covered by Analysts at Bank of America

Equities researchers at Bank of America began coverage on shares of AES (NYSE:AES - Get Free Report) in a report released on Monday. The brokerage set an "underperform" rating and a $11.00 price target on the utilities provider's stock. Bank of America's price target would suggest a potential downside of 16.41% from the company's current price.

Other research analysts have also issued research reports about the company. Mizuho lowered their price target on AES from $24.00 to $16.00 and set an "outperform" rating on the stock in a research report on Thursday. Evercore ISI raised shares of AES to a "strong-buy" rating in a report on Wednesday, September 18th. Susquehanna dropped their target price on AES from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group assumed coverage on AES in a research note on Wednesday, September 11th. They issued a "buy" rating and a $20.00 price target for the company. Finally, Barclays increased their price objective on shares of AES from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $20.22.

AES Stock Up 0.9 %

NYSE AES traded up $0.12 during trading hours on Monday, reaching $13.16. 17,643,574 shares of the company's stock were exchanged, compared to its average volume of 8,964,052. The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of 9.14 and a beta of 1.10. AES has a one year low of $12.97 and a one year high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The company's 50-day moving average is $16.85 and its two-hundred day moving average is $17.89.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. AES had a return on equity of 27.30% and a net margin of 8.34%. The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.46 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. AES's revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts forecast that AES will post 1.94 EPS for the current fiscal year.

Institutional Trading of AES

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale increased its position in shares of AES by 161.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 107,016 shares of the utilities provider's stock worth $2,035,000 after buying an additional 66,145 shares during the period. M&G PLC raised its position in shares of AES by 12.7% during the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider's stock worth $130,235,000 after purchasing an additional 732,457 shares during the period. Summit Global Investments bought a new position in shares of AES in the third quarter valued at $816,000. Empower Advisory Group LLC boosted its stake in AES by 5.8% during the 3rd quarter. Empower Advisory Group LLC now owns 3,522,334 shares of the utilities provider's stock valued at $70,658,000 after purchasing an additional 193,755 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV grew its holdings in AES by 75.9% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 362,651 shares of the utilities provider's stock worth $7,275,000 after buying an additional 156,504 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

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.