AES Corp (NYSE:AES) announced a quarterly dividend on Friday, October 12th, RTT News reports. Investors of record on Thursday, November 1st will be paid a dividend of 0.13 per share by the utilities provider on Thursday, November 15th. This represents a $0.52 annualized dividend and a yield of 3.55%.
AES has increased its dividend by an average of 33.9% per year over the last three years and has increased its dividend every year for the last 5 years. AES has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AES to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 39.4%.
Shares of NYSE AES opened at $14.65 on Friday. The firm has a market capitalization of $9.26 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.44 and a beta of 1.20. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 3.24. AES has a one year low of $9.86 and a one year high of $15.11.
AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $3.41 billion. AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. Equities research analysts expect that AES will post 1.21 earnings per share for the current year.
Several equities research analysts recently commented on AES shares. ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday. Morgan Stanley boosted their price target on shares of AES from $13.50 to $14.00 and gave the stock a “hold” rating in a report on Friday, September 21st. UBS Group lifted their target price on shares of AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 20th. Finally, Bank of America cut shares of AES from a “neutral” rating to an “underperform” rating and set a $12.50 target price on the stock. in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. AES currently has a consensus rating of “Hold” and a consensus price target of $14.00.
AES Company Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.
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