AES (NYSE:AES) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• AES Corporation shares have recently surpassed their 200-day moving average, trading as high as $15.00, with the latest price at $14.82.
• Analysts have raised their price targets for AES, with an average target of $23.80, reflecting a general consensus rating of "Hold".
• The company announced a quarterly dividend of $0.176, resulting in an annual yield of 4.7%, to be distributed on November 14th.

The AES Corporation (NYSE:AES - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.05 and traded as high as $15.00. AES shares last traded at $14.82, with a volume of 6,460,515 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of AES from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Susquehanna increased their target price on shares of AES from $16.00 to $17.00 and gave the company a "positive" rating in a report on Monday. Wall Street Zen raised shares of AES from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays raised their price target on shares of AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of AES in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $23.80.

AES Price Performance

The business's fifty day simple moving average is $13.45 and its 200 day simple moving average is $12.05. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.74 and a current ratio of 0.82. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 0.61 and a beta of 0.93.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.12. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.97 billion. AES had a return on equity of 19.02% and a net margin of 8.42%.The company's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Research analysts predict that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, October 31st. AES's payout ratio is currently 49.30%.

Institutional Investors Weigh In On AES

Institutional investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its stake in AES by 33.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 974 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of AES by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 20,904 shares of the utilities provider's stock worth $260,000 after buying an additional 1,006 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of AES by 4.0% in the first quarter. Kestra Private Wealth Services LLC now owns 26,290 shares of the utilities provider's stock valued at $327,000 after acquiring an additional 1,011 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in AES by 5.0% during the first quarter. Moloney Securities Asset Management LLC now owns 24,752 shares of the utilities provider's stock valued at $307,000 after buying an additional 1,173 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of AES by 48.6% during the 1st quarter. Brooklyn Investment Group now owns 4,271 shares of the utilities provider's stock worth $53,000 after purchasing an additional 1,397 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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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