The AES Corporation (NYSE:AES) Receives $24.08 Consensus PT from Brokerages

Shares of The AES Corporation (NYSE:AES) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $24.0833.

AES has been the subject of a number of recent research reports. Morgan Stanley raised their price target on AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AES in a research report on Monday, December 29th. Barclays reiterated an “equal weight” rating and issued a $15.00 target price on shares of AES in a research note on Wednesday, February 4th. Jefferies Financial Group increased their price target on shares of AES from $13.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, February 3rd. Finally, Mizuho lifted their price objective on shares of AES from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th.

AES Trading Up 0.7%

AES stock opened at $16.40 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 3.15. AES has a 12 month low of $9.46 and a 12 month high of $16.78. The company’s fifty day simple moving average is $14.65 and its 200-day simple moving average is $14.01. The stock has a market cap of $11.68 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.60 and a beta of 1.00.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a $0.176 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.3%. AES’s payout ratio is currently 43.75%.

Institutional Investors Weigh In On AES

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in AES by 128.6% during the fourth quarter. SG Americas Securities LLC now owns 7,147,438 shares of the utilities provider’s stock valued at $102,494,000 after purchasing an additional 4,021,385 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of AES by 975.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,086,164 shares of the utilities provider’s stock worth $32,466,000 after buying an additional 2,799,148 shares during the period. Sound Shore Management Inc CT grew its stake in AES by 32.3% in the 2nd quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock valued at $84,872,000 after buying an additional 1,969,741 shares during the last quarter. Sound Shore Management Inc. CT raised its holdings in AES by 17.0% in the 4th quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock worth $98,922,000 after acquiring an additional 1,002,530 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its position in AES by 10.9% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,812,629 shares of the utilities provider’s stock worth $82,189,000 after acquiring an additional 769,168 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

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.