The AES Corporation (NYSE:AES) Receives Consensus Rating of “Hold” from Analysts

Shares of The AES Corporation (NYSE:AES) have earned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.7143.

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th.

Institutional Trading of AES

Several institutional investors have recently modified their holdings of the business. Corient Private Wealth LP raised its position in shares of AES by 26.0% during the second quarter. Corient Private Wealth LP now owns 149,984 shares of the utilities provider’s stock worth $2,199,000 after acquiring an additional 30,976 shares during the last quarter. Amundi boosted its holdings in AES by 193.0% in the second quarter. Amundi now owns 2,879,483 shares of the utilities provider’s stock valued at $42,213,000 after acquiring an additional 1,896,587 shares during the last quarter. California State Teachers Retirement System increased its position in AES by 1,353.8% during the 2nd quarter. California State Teachers Retirement System now owns 12,141,603 shares of the utilities provider’s stock valued at $177,996,000 after purchasing an additional 11,306,462 shares during the period. Wedmont Private Capital raised its stake in AES by 36.9% during the second quarter. Wedmont Private Capital now owns 16,077 shares of the utilities provider’s stock worth $238,000 after buying an additional 4,332 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in AES by 43.1% in the second quarter. HB Wealth Management LLC now owns 56,914 shares of the utilities provider’s stock valued at $834,000 after buying an additional 17,130 shares during the period. Institutional investors own 93.13% of the company’s stock.

AES Stock Up 0.1%

NYSE AES opened at $14.79 on Monday. The business has a fifty day moving average price of $14.74 and a two-hundred day moving average price of $14.68. The stock has a market capitalization of $10.55 billion, a PE ratio of 5.65 and a beta of 0.97. AES has a fifty-two week low of $12.33 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.75 and a quick ratio of 0.67.

AES (NYSE:AES) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. AES had a return on equity of 20.69% and a net margin of 14.30%. Equities analysts expect that AES will post 2.23 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, July 31st. AES’s payout ratio is 26.72%.

About AES

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.