The AES Corporation (NYSE:AES) Stock Has Consensus Price Target of $15.71

Key Points

• Analysts maintain a “Hold” consensus on AES, with all eight covering analysts issuing hold ratings and an average 12-month price target of $15.71, modestly above the $14.86 share price.
• AES exceeded quarterly expectations, reporting $0.60 in EPS versus the $0.45 consensus and revenue of $3.42 billion versus $3.11 billion expected.
• The company pays a quarterly dividend of $0.1759, equivalent to approximately $0.70 annually and a 4.7% yield; institutional investors own 93.13% of outstanding shares.

Shares of The AES Corporation (NYSE:AES - Get Free Report) have earned an average rating of "Hold" from the eight analysts that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have covered the stock in the last year is $15.71.

Separately, Weiss Ratings raised shares of 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 $14.86 on Friday. The stock's 50 day moving average is $14.78 and its 200 day moving average is $14.59. AES has a one year low of $12.97 and a one year high of $17.65. The firm has a market cap of $10.60 billion, a P/E ratio of 5.67 and a beta of 0.97. 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 - Get Free Report) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.15. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. AES had a net margin of 14.30% and a return on equity of 20.69%. As a group, research analysts expect that AES will post 2.23 EPS for the current year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.1759 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. AES's dividend payout ratio (DPR) is 26.72%.

Institutional Investors Weigh In On AES

Several institutional investors and hedge funds have recently made changes to their positions in AES. QRG Capital Management Inc. increased its holdings in AES by 14.7% in the second quarter. QRG Capital Management Inc. now owns 15,480 shares of the utilities provider's stock worth $227,000 after purchasing an additional 1,986 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of AES by 8.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 161,360 shares of the utilities provider's stock worth $2,366,000 after buying an additional 12,247 shares in the last quarter. HBK Investments L P acquired a new stake in shares of AES during the 2nd quarter worth approximately $162,298,000. Anchor Investment Management LLC increased its stake in shares of AES by 2,444.4% in the 2nd quarter. Anchor Investment Management LLC now owns 2,290 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Core Capital Management & Research inc. acquired a new position in shares of AES during the 2nd quarter valued at $37,000. Institutional investors own 93.13% of the company's stock.

About AES

The AES Corporation NYSE: AES is a global energy company that develops, owns and operates electricity generation and distribution businesses. Its portfolio includes renewable energy projects, natural gas and other power-generation facilities, battery energy storage systems, and utility operations. AES serves utilities, commercial and industrial customers, and other energy users through long-term power supply arrangements and related services.

The company has increasingly focused on renewable energy and energy infrastructure, including solar, wind and storage projects designed to support the transition to lower-carbon electricity systems.

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