The AES Corp. (AES) Given Consensus Recommendation of “Hold” by Brokerages
The AES Corp. (NYSE:AES) has earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.50.
AES has been the subject of several recent research reports. Zacks Investment Research lowered shares of The AES Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Barclays PLC lowered shares of The AES Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.00 to $12.00 in a report on Tuesday, October 4th. Finally, TheStreet lowered shares of The AES Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th.
The AES Corp. (NYSE:AES) opened at 11.40 on Tuesday. The firm has a 50-day moving average of $12.05 and a 200 day moving average of $11.94. The AES Corp. has a 52-week low of $8.22 and a 52-week high of $13.32. The company’s market capitalization is $7.51 billion.
The AES Corp. (NYSE:AES) last posted its quarterly earnings results on Friday, November 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The AES Corp. had a negative net margin of 1.95% and a positive return on equity of 14.01%. The business earned $209.90 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts predict that The AES Corp. will post $0.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were paid a dividend of $0.11 per share. The ex-dividend date was Friday, October 28th. This represents a $0.44 annualized dividend and a dividend yield of 3.86%. The AES Corp.’s dividend payout ratio (DPR) is presently -107.31%.
Several hedge funds and other institutional investors have recently bought and sold shares of AES. Tocqueville Asset Management L.P. purchased a new position in The AES Corp. during the second quarter valued at approximately $133,000. Invictus RG raised its position in The AES Corp. by 21.9% in the first quarter. Invictus RG now owns 11,906 shares of the company’s stock valued at $140,000 after buying an additional 2,140 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in The AES Corp. during the first quarter valued at approximately $142,000. Nuveen Fund Advisors LLC purchased a new position in The AES Corp. during the second quarter valued at approximately $192,000. Finally, Tredje AP fonden purchased a new position in The AES Corp. during the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.
About The AES Corp.
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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