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

AES (NYSE:AES - Get Free Report) had its target price cut by stock analysts at Susquehanna from $16.00 to $15.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the utilities provider's stock. Susquehanna's target price would suggest a potential upside of 33.63% from the stock's current price.

Other analysts also recently issued reports about the stock. Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a research report on Monday, March 3rd. Mizuho lowered their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Barclays lowered their target price on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. 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 raised their target price for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, AES presently has a consensus rating of "Moderate Buy" and an average target price of $18.30.

Remove Ads

AES Stock Performance

NYSE:AES traded up $0.36 during mid-day trading on Wednesday, hitting $11.23. The stock had a trading volume of 20,479,436 shares, compared to its average volume of 16,110,064. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $14.31. AES has a 52 week low of $9.88 and a 52 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 issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.20. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same period last year, the firm posted $0.73 EPS. On average, research analysts expect that AES will post 1.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of AES in the fourth quarter worth about $3,334,000. Gould Capital LLC boosted its holdings in shares of AES by 32.8% in the fourth quarter. Gould Capital LLC now owns 225,196 shares of the utilities provider's stock worth $2,898,000 after buying an additional 55,619 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of AES by 13.5% in the fourth quarter. Mackenzie Financial Corp now owns 25,510 shares of the utilities provider's stock worth $328,000 after buying an additional 3,041 shares during the period. North Star Asset Management Inc. boosted its holdings in shares of AES by 7.2% in the fourth quarter. North Star Asset Management Inc. now owns 1,515,444 shares of the utilities provider's stock worth $19,504,000 after buying an additional 101,514 shares during the period. Finally, McIlrath & Eck LLC boosted its holdings in shares of AES by 760.4% in the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock worth $43,000 after buying an additional 2,958 shares during the period. 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.