AES Corp (AES) Receives $14.00 Average Target Price from Analysts

AES Corp (NYSE:AES) has earned a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $14.00.

A number of brokerages have recently commented on AES. Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, October 10th. ValuEngine raised AES from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. TheStreet raised AES from a “c+” rating to a “b” rating in a research report on Tuesday, November 6th. Finally, Morgan Stanley upped their price target on AES from $13.50 to $14.00 and gave the company a “hold” rating in a research report on Friday, September 21st.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in shares of AES by 9.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 130,890 shares of the utilities provider’s stock worth $1,754,000 after buying an additional 10,800 shares during the last quarter. Bank of Montreal Can lifted its position in shares of AES by 69.7% in the 2nd quarter. Bank of Montreal Can now owns 4,072,594 shares of the utilities provider’s stock worth $54,614,000 after buying an additional 1,672,483 shares during the last quarter. Calamos Advisors LLC lifted its position in shares of AES by 17.0% in the 2nd quarter. Calamos Advisors LLC now owns 405,033 shares of the utilities provider’s stock worth $5,431,000 after buying an additional 58,808 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of AES by 22.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 559,954 shares of the utilities provider’s stock worth $7,509,000 after buying an additional 103,155 shares during the last quarter. Finally, James Investment Research Inc. lifted its position in shares of AES by 130.4% in the 2nd quarter. James Investment Research Inc. now owns 320,496 shares of the utilities provider’s stock worth $4,297,000 after buying an additional 181,396 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

AES stock traded down $0.07 during midday trading on Friday, hitting $15.00. The company’s stock had a trading volume of 1,296,707 shares, compared to its average volume of 6,225,149. AES has a 1 year low of $9.86 and a 1 year high of $16.28. The company has a current ratio of 1.24, a quick ratio of 1.10 and a debt-to-equity ratio of 3.17. The stock has a market cap of $9.98 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.48 and a beta of 0.97.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. AES had a positive return on equity of 19.50% and a negative net margin of 2.48%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts forecast that AES will post 1.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.47%. AES’s dividend payout ratio is presently 48.15%.

About AES

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

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