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

AES (NYSE:AES - Free Report) had its price objective lowered by Mizuho from $16.00 to $15.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the utilities provider's stock.

A number of other research firms have also recently commented on AES. Barclays decreased their price objective on AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Susquehanna lowered their price target on AES from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. HSBC initiated coverage on shares of AES in a report on Friday, December 13th. They issued a "buy" rating and a $17.00 price objective on the stock. Hsbc Global Res raised shares of AES to a "strong-buy" rating in a research note on Friday, December 13th. Finally, Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $11.00 to $13.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.30.

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AES Price Performance

AES stock traded up $0.36 during mid-day trading on Tuesday, reaching $11.23. The company's stock had a trading volume of 20,479,436 shares, compared to its average volume of 16,110,064. The stock has a market cap of $7.98 billion, a PE ratio of 7.80, a P/E/G ratio of 0.82 and a beta of 0.99. The company's 50 day moving average is $11.35 and its two-hundred day moving average is $14.38. AES has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings data 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 firm 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 earnings per share. Equities research analysts expect that AES will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.27%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio (DPR) is presently 29.54%.

Institutional Investors Weigh In On AES

Hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR raised its position in shares of AES by 67.1% during the 4th quarter. Stephens Inc. AR now owns 332,012 shares of the utilities provider's stock worth $4,273,000 after acquiring an additional 133,308 shares in the last quarter. UMB Bank n.a. raised its holdings in AES by 5,143.7% during the fourth quarter. UMB Bank n.a. now owns 76,977 shares of the utilities provider's stock worth $991,000 after purchasing an additional 75,509 shares in the last quarter. Rock Point Advisors LLC lifted its position in shares of AES by 34.6% during the 3rd quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider's stock worth $15,261,000 after buying an additional 195,460 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of AES in the 4th quarter valued at $489,000. Finally, Leibman Financial Services Inc. acquired a new stake in AES during the 4th quarter worth $2,375,000. 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.