The AES Corporation (NYSE:AES) Stock Has Consensus Target Price of $15.83

Key Points

• Analysts maintain a cautious outlook on AES: all seven covering analysts rate the stock “Hold,” with an average 12-month price target of $15.83 versus its recent price of $14.96.
• AES beat quarterly expectations, reporting adjusted earnings of $0.60 per share against a $0.45 consensus estimate and revenue of $3.42 billion versus $3.11 billion expected.
• The company announced a quarterly dividend of $0.1759 per share, equivalent to approximately $0.70 annually and a 4.7% yield; institutional investors own 93.13% of AES’s stock.

Shares of The AES Corporation (NYSE:AES - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.83.

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

Institutional Trading of AES

Several hedge funds and other institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC lifted its stake in AES by 2,444.4% in the 2nd quarter. Anchor Investment Management LLC now owns 2,290 shares of the utilities provider's stock worth $34,000 after purchasing an additional 2,200 shares in the last quarter. Core Capital Management & Research inc. bought a new position in AES in the 2nd quarter valued at $37,000. Root Financial Partners LLC grew its position in shares of AES by 259.9% during the 1st 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 in the last quarter. Burnham & Co LLC purchased a new position in shares of AES during the 2nd quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of AES by 61.0% in the first 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. Institutional investors own 93.13% of the company's stock.

AES Stock Performance

Shares of AES opened at $14.96 on Tuesday. AES has a 1 year low of $13.21 and a 1 year 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. The stock's fifty day moving average price is $14.83 and its two-hundred day moving average price is $14.68. The firm has a market cap of $10.68 billion, a PE ratio of 5.71 and a beta of 0.97.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.11 billion. On average, equities research analysts forecast that AES will post 2.02 EPS for the current year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.1759 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, October 30th. AES's dividend payout ratio (DPR) is currently 26.72%.

About AES

AES Corporation is a global energy company that develops, owns and operates power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.

The company's portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.

Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.

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