The AES Corporation (NYSE:AES – Get Free Report) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $14.89 and traded as high as $14.93. AES shares last traded at $14.9150, with a volume of 6,102,829 shares changing hands.
Analyst Ratings Changes
AES has been the subject of a number of recent research reports. Weiss Ratings raised AES from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Wall Street Zen raised AES to a “buy” rating in a research report on Saturday. Seven research analysts have rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.80.
Check Out Our Latest Report on AES
AES Price Performance
The stock has a market cap of $10.66 billion, a P/E ratio of 6.00 and a beta of 0.95. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 2.81. The business’s 50-day simple moving average is $14.90 and its two-hundred day simple moving average is $14.79.
AES Dividend Announcement
The firm also recently disclosed 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 of this dividend is Friday, October 30th. This represents a $0.70 annualized dividend and a yield of 4.7%. AES’s dividend payout ratio (DPR) is 28.11%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of AES. Advisors Asset Management Inc. purchased a new position in shares of AES in the third quarter valued at $5,571,000. Private Wealth Asset Management LLC boosted its stake in AES by 239.5% in the 3rd quarter. Private Wealth Asset Management LLC now owns 10,376 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 7,320 shares during the period. Private Advisor Group LLC bought a new position in AES in the 3rd quarter worth about $353,000. Focus Advisor Solutions LLC grew its holdings in AES by 5.9% during the 3rd quarter. Focus Advisor Solutions LLC now owns 21,087 shares of the utilities provider’s stock valued at $314,000 after buying an additional 1,177 shares in the last quarter. Finally, Checchi Capital Advisers LLC purchased a new position in AES during the 3rd quarter valued at about $227,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.
About AES
The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals. Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.
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