Shares of The AES Corporation (NYSE:AES – Get Free Report) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $15.71.
Separately, Weiss Ratings raised shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th.
Read Our Latest Analysis on AES
AES Trading Down 0.0%
AES (NYSE:AES – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. As a group, sell-side analysts anticipate that AES will post 2.14 earnings per share for the current year.
AES Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.1759 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. AES’s dividend payout ratio is presently 26.72%.
Institutional Investors Weigh In On AES
Large investors have recently made changes to their positions in the business. Anchor Investment Management LLC raised its holdings in shares of AES by 2,444.4% during the second quarter. Anchor Investment Management LLC now owns 2,290 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 2,200 shares in the last quarter. Core Capital Management & Research inc. bought a new stake in AES in the second quarter valued at $37,000. Root Financial Partners LLC boosted its holdings in AES by 259.9% in the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 2,038 shares in the last quarter. Burnham & Co LLC purchased a new position in AES during the 2nd quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC raised its holdings in AES by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 2,006 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.
AES Company Profile
AES Corporation is a global energy company that develops, owns and operates electricity generation and utility businesses. Its activities include renewable energy, natural gas-fired generation, battery energy storage and other energy infrastructure, as well as the distribution of electricity to customers through regulated utility operations.
The company serves residential, commercial and industrial customers in the United States and international markets, including countries in Latin America.
See Also
- Five stocks we like better than AES
- CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
- Bottlenecking the Future: TSMC Prices Out the Competition
- Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?
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.
