The AES Corporation (NYSE:AES – Get Free Report) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $15.83.
Separately, Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th.
Institutional Trading of AES
Several institutional investors and hedge funds have recently added to or reduced their stakes in AES. Apollon Wealth Management LLC lifted its holdings in AES by 21.4% in the third quarter. Apollon Wealth Management LLC now owns 35,836 shares of the utilities provider’s stock valued at $534,000 after buying an additional 6,310 shares during the period. Signaturefd LLC grew its holdings in AES by 17.9% during the 3rd quarter. Signaturefd LLC now owns 5,824 shares of the utilities provider’s stock worth $87,000 after acquiring an additional 883 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in AES during the 3rd quarter worth $187,000. Seven Mile Advisory bought a new stake in shares of AES during the 3rd quarter valued at $166,000. Finally, River Street Advisors LLC raised its position in shares of AES by 6.2% during the 3rd quarter. River Street Advisors LLC now owns 42,842 shares of the utilities provider’s stock valued at $638,000 after acquiring an additional 2,489 shares during the last quarter. 93.13% of the stock is owned by institutional investors.
AES Price Performance
Shares of AES stock opened at $15.03 on Tuesday. AES has a 1 year low of $13.21 and a 1 year high of $17.65. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The firm’s 50 day moving average is $14.85 and its 200-day moving average is $14.75. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 5.73 and a beta of 0.97.
AES (NYSE:AES – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.11 billion. Sell-side analysts forecast that AES will post 2.02 EPS for the current fiscal year.
AES Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $0.1759 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.70 annualized dividend and a yield of 4.7%. AES’s dividend payout ratio (DPR) is currently 26.72%.
AES Company Profile
AES Corporation is a global energy company that develops, owns and operates power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.
The company’s portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.
Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.
See Also
- Five stocks we like better than AES
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.
