The AES Corporation (NYSE:AES) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on AES, with all eight covering firms issuing hold ratings and an average 12-month price target of $15.71.
• AES reported quarterly EPS of $0.60, exceeding the $0.45 consensus estimate, while revenue reached $3.42 billion versus expectations of $3.11 billion.
• The company pays a quarterly dividend of $0.176 per share, equating to an annualized 4.8% yield; institutional investors and hedge funds own 93.13% of the stock.

The AES Corporation (NYSE:AES - Get Free Report) has been assigned a consensus rating of "Hold" from the eight research firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.7143.

Separately, Weiss Ratings upgraded AES from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th.

AES Price Performance

AES stock opened at $14.73 on Monday. AES has a twelve month low of $12.33 and a twelve month high of $17.65. The firm has a market cap of $10.51 billion, a PE ratio of 5.62 and a beta of 0.97. The firm's 50 day moving average price is $14.73 and its two-hundred day moving average price is $14.72. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75.

AES (NYSE:AES - Get Free Report) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.11 billion. On average, research analysts predict that AES will post 2.27 EPS for the current fiscal year.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given 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 dividend payout ratio is currently 26.72%.

Institutional Trading of AES

A number of large investors have recently bought and sold shares of the business. Root Financial Partners LLC raised its holdings in shares of AES by 259.9% in the first quarter. Root Financial Partners LLC now owns 2,822 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 2,038 shares during the last quarter. Burnham & Co LLC purchased a new position in AES during the 2nd quarter valued at about $44,000. Los Angeles Capital Management LLC bought a new stake in shares of AES during the fourth quarter valued at about $42,000. EverSource Wealth Advisors LLC increased its stake in AES by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider's stock worth $75,000 after purchasing an additional 2,006 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in shares of AES during the first quarter valued at approximately $78,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

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.

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