Susquehanna Cuts AES (NYSE:AES) Price Target to $15.00

AES (NYSE:AES) had its target price decreased by research analysts at Susquehanna from $16.00 to $15.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the utilities provider’s stock. Susquehanna’s target price points to a potential upside of 38.19% from the company’s previous close.

A number of other analysts also recently issued reports on AES. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $13.00 in a research report on Tuesday. Mizuho lowered their price target on shares of AES from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays cut their price target on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report 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, HSBC began coverage on AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, AES has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

AES Price Performance

Shares of AES stock traded up $0.04 on Wednesday, reaching $10.86. The stock had a trading volume of 1,605,753 shares, compared to its average volume of 15,838,078. The business’s 50 day moving average is $11.43 and its two-hundred day moving average is $14.43. The company has a market cap of $7.72 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. AES has a 1 year low of $9.88 and a 1 year 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) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the business earned $0.73 EPS. As a group, research analysts anticipate that AES will post 1.93 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in shares of AES by 10.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 266,672 shares of the utilities provider’s stock worth $5,349,000 after purchasing an additional 25,720 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in AES by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 357,402 shares of the utilities provider’s stock worth $7,169,000 after buying an additional 1,269 shares during the last quarter. United Advisor Group LLC bought a new position in shares of AES in the third quarter worth approximately $368,000. Concurrent Investment Advisors LLC increased its position in shares of AES by 237.8% during the third quarter. Concurrent Investment Advisors LLC now owns 74,668 shares of the utilities provider’s stock valued at $1,498,000 after acquiring an additional 52,562 shares in the last quarter. Finally, M&G PLC raised its holdings in AES by 12.7% in the 3rd quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock worth $130,235,000 after acquiring an additional 732,457 shares during 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.