The AES Corporation (NYSE:AES) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.50.
AES has been the subject of several research analyst reports. Zacks Investment Research raised shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, August 24th. ValuEngine upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $15.00 price objective on shares of The AES Corporation in a research note on Wednesday, September 13th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of The AES Corporation in a research note on Monday, July 10th.
The AES Corporation (NYSE AES) traded down 0.71% during trading on Thursday, hitting $11.19. 3,623,659 shares of the company were exchanged. The company’s market capitalization is $7.39 billion. The company has a 50-day moving average of $11.19 and a 200-day moving average of $11.31. The AES Corporation has a 12 month low of $10.60 and a 12 month high of $12.48.
The AES Corporation (NYSE:AES) last issued its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the business posted $0.17 earnings per share. The AES Corporation’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts forecast that The AES Corporation will post $1.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.29%. The AES Corporation’s dividend payout ratio (DPR) is presently -42.10%.
Several hedge funds have recently made changes to their positions in AES. Ffcm LLC boosted its stake in shares of The AES Corporation by 171.8% in the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 6,634 shares during the period. Jane Street Group LLC purchased a new position in shares of The AES Corporation in the first quarter valued at $117,000. Community Bank & Trust Waco Texas purchased a new position in shares of The AES Corporation in the second quarter valued at $134,000. Pacer Advisors Inc. boosted its stake in The AES Corporation by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 402 shares during the last quarter. Finally, Huntington National Bank boosted its stake in The AES Corporation by 62.7% during the 2nd quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 5,492 shares during the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.
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The AES Corporation Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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