The AES Corporation (NYSE:AES) Receives $24.27 Consensus Target Price from Brokerages

Shares of The AES Corporation (NYSE:AES) have received an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.2727.

AES has been the topic of several recent research reports. Barclays reissued an “equal weight” rating and set a $15.00 price objective on shares of AES in a report on Wednesday, February 4th. Mizuho downgraded AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group lifted their price target on AES from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded AES from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Argus lowered shares of AES from a “buy” rating to a “hold” rating in a report on Thursday, March 26th.

Institutional Trading of AES

Several institutional investors have recently modified their holdings of AES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AES by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider’s stock worth $854,000 after buying an additional 3,936 shares during the period. Jones Financial Companies Lllp raised its position in shares of AES by 259.7% during the first quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider’s stock worth $675,000 after acquiring an additional 39,283 shares during the last quarter. United Services Automobile Association bought a new position in shares of AES during the first quarter worth about $190,000. Empowered Funds LLC lifted its stake in shares of AES by 763.3% in the first quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock worth $1,824,000 after acquiring an additional 129,841 shares during the period. Finally, Woodline Partners LP boosted its holdings in AES by 40.7% in the first quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider’s stock valued at $746,000 after acquiring an additional 17,372 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Price Performance

AES stock opened at $14.28 on Thursday. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 0.55 and a beta of 1.03. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.77 and a quick ratio of 0.69. The company has a 50 day simple moving average of $15.04 and a 200 day simple moving average of $14.38. AES has a 1 year low of $9.46 and a 1 year high of $17.65.

AES (NYSE:AES) last issued its earnings results on Monday, March 2nd. The utilities provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.07 billion. AES had a net margin of 7.40% and a return on equity of 19.93%. During the same quarter last year, the business posted $0.54 earnings per share. Research analysts anticipate that AES will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, May 1st. AES’s dividend payout ratio is 55.56%.

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.