The AES Corporation (NYSE:AES) declared a quarterly dividend on Monday, December 11th, RTT News reports. Investors of record on Thursday, February 1st will be given a dividend of 0.13 per share by the utilities provider on Thursday, February 15th. This represents a $0.52 dividend on an annualized basis and a yield of 4.83%. This is a positive change from The AES’s previous quarterly dividend of $0.12.
The AES has raised its dividend payment by an average of 40.1% annually over the last three years and has raised its dividend every year for the last 4 years. The AES has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The AES to earn $1.19 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 40.3%.
The AES (AES) traded up $0.06 during trading hours on Monday, reaching $10.76. The company had a trading volume of 4,345,400 shares, compared to its average volume of 5,333,949. The AES has a twelve month low of $10.00 and a twelve month high of $12.47. The firm has a market cap of $7,105.76, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.29 and a beta of 1.21. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20.
The AES (NYSE:AES) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts forecast that The AES will post 1.01 EPS for the current fiscal year.
A number of research analysts have issued reports on AES shares. ValuEngine upgraded The AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America upgraded The AES from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, November 13th. SunTrust Banks reiterated a “buy” rating and set a $15.00 price target on shares of The AES in a research report on Wednesday, September 13th. Zacks Investment Research lowered The AES from a “buy” rating to a “sell” rating in a research report on Monday, September 11th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $12.00 price target on shares of The AES in a research report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The AES currently has an average rating of “Hold” and an average target price of $12.75.
In other news, COO Santos Bernerd Da acquired 4,700 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $10.60 per share, with a total value of $49,820.00. Following the purchase, the chief operating officer now owns 96,186 shares of the company’s stock, valued at $1,019,571.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andres Gluski acquired 24,632 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, for a total transaction of $250,507.44. Following the purchase, the insider now directly owns 868,396 shares in the company, valued at approximately $8,831,587.32. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,832 shares of company stock valued at $401,407 in the last quarter. 1.09% of the stock is currently owned by insiders.
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The AES 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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