AES Corp (NYSE:AES) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $12.50.
AES has been the topic of a number of research analyst reports. SunTrust Banks set a $14.00 price objective on shares of AES and gave the company a “buy” rating in a research report on Monday, February 12th. ValuEngine downgraded shares of AES from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. UBS Group initiated coverage on shares of AES in a research report on Friday, February 2nd. They set a “neutral” rating and a $12.00 price objective on the stock. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 price objective on the stock in a research report on Tuesday, October 24th. Finally, Morgan Stanley lowered their price objective on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trilogy Capital Inc. bought a new position in AES in the fourth quarter worth approximately $135,000. Cypress Capital Group bought a new position in AES in the third quarter worth approximately $138,000. Beacon Investment Advisory Services Inc. bought a new position in AES in the fourth quarter worth approximately $142,000. Buckley Wealth Management LLC bought a new position in AES in the fourth quarter worth approximately $163,000. Finally, Koch Industries Inc. bought a new position in AES in the fourth quarter worth approximately $186,000. Institutional investors and hedge funds own 91.07% of the company’s stock.
Shares of AES (AES) traded down $0.07 during trading on Wednesday, reaching $10.45. 5,665,500 shares of the company were exchanged, compared to its average volume of 10,543,552. The company has a market capitalization of $6,900.00, a P/E ratio of -348.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26. AES has a 12 month low of $9.86 and a 12 month high of $12.05. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a $0.13 dividend. The ex-dividend date was Wednesday, January 31st. This is an increase from AES’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 4.98%. AES’s dividend payout ratio (DPR) is presently -1,733.33%.
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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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