The AES Co. (NYSE:AES) Receives $22.13 Consensus PT from Analysts

The AES Co. (NYSE:AES) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.13.

A number of analysts have recently issued reports on the stock. Argus reiterated a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Morgan Stanley restated an “overweight” rating and set a $25.00 target price on shares of AES in a research note on Monday, March 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of AES in a research note on Tuesday, April 9th. Mizuho began coverage on shares of AES in a research note on Thursday, April 18th. They issued a “buy” rating and a $21.00 price target for the company. Finally, 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 report on Wednesday, April 3rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AES. Capital World Investors increased its stake in shares of AES by 76.9% during the fourth quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after acquiring an additional 31,009,718 shares during the period. FMR LLC raised its stake in shares of AES by 38.6% in the 3rd quarter. FMR LLC now owns 36,821,650 shares of the utilities provider’s stock worth $559,689,000 after buying an additional 10,256,781 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in AES by 70.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider’s stock valued at $124,008,000 after acquiring an additional 2,670,001 shares during the last quarter. Capital International Investors boosted its position in shares of AES by 3.8% during the 4th quarter. Capital International Investors now owns 69,671,801 shares of the utilities provider’s stock valued at $1,341,277,000 after purchasing an additional 2,537,128 shares in the last quarter. Finally, CI Investments Inc. grew its stake in shares of AES by 18,505.6% in the 3rd quarter. CI Investments Inc. now owns 2,030,429 shares of the utilities provider’s stock worth $30,862,000 after purchasing an additional 2,019,516 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Performance

NYSE:AES opened at $18.87 on Thursday. AES has a twelve month low of $11.43 and a twelve month high of $23.07. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 26.21 and a beta of 1.08. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.04. The firm’s fifty day simple moving average is $16.79 and its 200 day simple moving average is $17.05.

AES (NYSE:AES) last issued its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.20 billion. AES had a return on equity of 36.23% and a net margin of 4.40%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. As a group, equities research analysts expect that AES will post 1.91 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.1725 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a yield of 3.66%. AES’s dividend payout ratio (DPR) is presently 95.83%.

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.