AES (NYSE:AES) Now Covered by Analysts at Mizuho

Equities researchers at Mizuho started coverage on shares of AES (NYSE:AES) in a note issued to investors on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $21.00 price target on the utilities provider’s stock. Mizuho’s price objective indicates a potential upside of 30.11% from the stock’s previous close.

AES has been the subject of several other research reports. Barclays decreased their target price on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 target price on shares of AES in a research note on Monday, March 25th. UBS Group decreased their target price on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Finally, Argus restated a “buy” rating and issued a $25.00 target price on shares of AES in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.13.

AES Price Performance

AES stock opened at $16.14 on Thursday. The company has a market capitalization of $11.47 billion, a PE ratio of 48.91 and a beta of 1.08. The stock has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $16.64. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42. AES has a 12 month low of $11.43 and a 12 month high of $24.56.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AES had a return on equity of 38.76% and a net margin of 2.12%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Analysts expect that AES will post 1.91 EPS for the current year.

Institutional Investors Weigh In On AES

Several institutional investors and hedge funds have recently bought and sold shares of the business. Coppell Advisory Solutions Corp. bought a new position in shares of AES in the 4th quarter worth approximately $27,000. Gyon Technologies Capital Management LP bought a new position in AES during the 4th quarter valued at approximately $32,000. Riverview Trust Co bought a new position in AES during the 1st quarter valued at approximately $33,000. Resurgent Financial Advisors LLC bought a new position in AES during the 4th quarter valued at approximately $34,000. Finally, Glassman Wealth Services increased its position in AES by 186.1% during the 4th quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors 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.