Shares of The AES Corporation (NYSE:AES – Get Free Report) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $15.6250.
A number of equities research analysts have issued reports on the company. Argus downgraded AES from a “buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AES in a research note on Monday, June 1st. Finally, Susquehanna downgraded shares of AES from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Thursday, April 9th.
Get Our Latest Research Report on AES
AES Trading Down 0.1%
AES (NYSE:AES – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.18. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.11 billion. AES had a net margin of 10.78% and a return on equity of 22.66%. As a group, equities analysts predict that AES will post 2.27 earnings per share for the current year.
AES Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.176 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. AES’s dividend payout ratio is presently 37.43%.
Institutional Trading of AES
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of AES by 99.8% in the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock valued at $201,215,000 after purchasing an additional 7,133,230 shares during the period. Kryger Capital LLC purchased a new position in AES during the 1st quarter worth approximately $31,702,000. Sound Shore Management Inc. CT boosted its position in shares of AES by 17.0% in the fourth quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock worth $98,922,000 after buying an additional 1,002,530 shares during the period. Lazard Asset Management LLC lifted its stake in AES by 247.6% in the 2nd quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock worth $10,185,000 after acquiring an additional 689,741 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of AES by 4,710.9% in the fourth quarter. Horizon Investments LLC now owns 542,528 shares of the utilities provider’s stock worth $7,780,000 after purchasing an additional 531,251 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.
AES Company Profile
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.
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