The AES Corporation (NYSE:AES) Given Average Recommendation of “Hold” by Brokerages

Shares of The AES Corporation (NYSE:AES) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.7143.

Separately, Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th.

AES Price Performance

Shares of NYSE:AES opened at $14.79 on Monday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75. AES has a 52 week low of $12.33 and a 52 week high of $17.65. The firm has a market cap of $10.55 billion, a PE ratio of 5.65 and a beta of 0.97. The firm’s fifty day moving average is $14.74 and its 200-day moving average is $14.67.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. Sell-side analysts predict that AES will post 2.23 earnings per share for the current year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, July 31st. AES’s dividend payout ratio is currently 26.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Horizon Investments LLC lifted its stake in AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock valued at $7,780,000 after buying an additional 531,251 shares during the period. BlackRock Inc. acquired a new stake in shares of AES during the 2nd quarter worth approximately $722,429,000. FNY Investment Advisers LLC increased its stake in shares of AES by 49,950.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock valued at $1,467,000 after acquiring an additional 99,900 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of AES in the 2nd quarter valued at $97,056,000. Finally, Kryger Capital LLC acquired a new position in shares of AES during the 1st quarter valued at $31,702,000. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Company Profile

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.