AES’s (AES) Equal Weight Rating Reiterated at Barclays

Barclays reiterated their equal weight rating on shares of AES (NYSE:AES) in a research note published on Wednesday morning, Marketbeat Ratings reports. They currently have a $15.00 target price on the utilities provider’s stock.

Other analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of AES in a research note on Monday, December 29th. Susquehanna increased their price target on AES from $16.00 to $17.00 and gave the company a “positive” rating in a research report on Monday, October 13th. Mizuho boosted their price objective on AES from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Jefferies Financial Group raised their target price on shares of AES from $13.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Morgan Stanley raised their price target on AES from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, AES has an average rating of “Moderate Buy” and an average price target of $24.08.

AES Stock Performance

NYSE AES opened at $16.03 on Wednesday. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $11.42 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.58 and a beta of 1.00. The stock has a 50-day moving average of $14.31 and a two-hundred day moving average of $13.87. AES has a 1-year low of $9.46 and a 1-year high of $16.19.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. AES had a net margin of 9.47% and a return on equity of 18.83%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that AES will post 1.93 EPS for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, January 30th. AES’s dividend payout ratio is presently 43.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC raised its holdings in shares of AES by 406.5% in the third quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock valued at $25,000 after buying an additional 1,500 shares during the last quarter. Cromwell Holdings LLC increased its position in AES by 232.5% in the 3rd quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 1,737 shares during the period. TD Private Client Wealth LLC raised its stake in AES by 50.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 1,146 shares during the last quarter. First Horizon Advisors Inc. lifted its position in AES by 448.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 9,836 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 8,042 shares during the period. Finally, Canada Post Corp Registered Pension Plan grew its stake in shares of AES by 108.0% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 7,280 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 3,780 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.