The AES Corporation (NYSE:AES) Receives $15.71 Average Price Target from Analysts

The AES Corporation (NYSE:AES) has earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.7143.

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC increased its holdings in shares of AES by 4.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 671 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of AES by 2.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider’s stock valued at $472,000 after purchasing an additional 800 shares in the last quarter. Zions Bancorporation National Association UT grew its position in shares of AES by 3.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 852 shares during the period. S&CO Inc. grew its position in shares of AES by 6.2% in the 4th quarter. S&CO Inc. now owns 17,000 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 1,000 shares during the period. Finally, Mufg Securities Americas Inc. increased its stake in AES by 9.0% during the 2nd quarter. Mufg Securities Americas Inc. now owns 21,479 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 1,774 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Stock Performance

Shares of AES stock opened at $14.79 on Monday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67. The stock has a market cap of $10.55 billion, a PE ratio of 5.65 and a beta of 0.97. The stock has a 50-day moving average of $14.74 and a 200-day moving average of $14.69. AES has a one year low of $12.33 and a one year high of $17.65.

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

AES Dividend Announcement

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

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.