The AES Corporation (NYSE:AES) Receives $24.27 Average PT from Analysts

Shares of The AES Corporation (NYSE:AES) have been given an average rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.2727.

A number of research firms have issued reports on AES. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a report on Monday, December 29th. Barclays restated an “equal weight” rating and set a $15.00 price target on shares of AES in a report on Wednesday, February 4th. Mizuho cut AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Jefferies Financial Group upped their price objective on shares of AES from $13.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th.

Hedge Funds Weigh In On AES

Large investors have recently modified their holdings of the company. Bogart Wealth LLC lifted its holdings in shares of AES by 406.5% in the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,500 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of AES by 232.5% in the 3rd quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 1,737 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of AES in the 4th quarter worth $42,000. TD Private Client Wealth LLC lifted its holdings in shares of AES by 50.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan lifted its position in 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 acquiring an additional 3,780 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Stock Performance

Shares of AES opened at $14.41 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $10.27 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The firm’s fifty day simple moving average is $15.01 and its two-hundred day simple moving average is $14.41. AES has a 12 month low of $9.46 and a 12 month high of $17.65.

AES (NYSE:AES) last issued its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.07 billion. AES had a net margin of 7.40% and a return on equity of 19.93%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, analysts predict that AES will post 1.93 EPS for the current year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date is Friday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. AES’s dividend payout ratio is currently 55.56%.

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.