AES (NYSE:AES) Shares Break Above Fifty Day Moving Average - Time to Sell?

Key Points

• AES rose above its 50-day moving average, trading as high as $14.93 and last at $14.915, slightly above its $14.89 average.
• Analyst sentiment remains broadly neutral: MarketBeat reports a consensus Hold rating and an average price target of $15.80.
• AES announced a quarterly dividend of $0.1759 per share, equivalent to about $0.70 annually and a 4.7% yield.

Shares of The AES Corporation (NYSE:AES - Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $14.89 and traded as high as $14.93. AES shares last traded at $14.9150, with a volume of 6,102,829 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded AES from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th. Wall Street Zen upgraded AES to a "buy" rating in a report on Saturday. Seven research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $15.80.

AES Trading Up 0.3%

The company has a current ratio of 0.86, a quick ratio of 0.67 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $10.64 billion, a P/E ratio of 5.99 and a beta of 0.95. The business's fifty day simple moving average is $14.89 and its two-hundred day simple moving average is $14.79.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.1759 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, October 30th. AES's dividend payout ratio (DPR) is presently 28.11%.

Institutional Investors Weigh In On AES

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in AES by 17.9% in the third quarter. Signaturefd LLC now owns 5,824 shares of the utilities provider's stock valued at $87,000 after purchasing an additional 883 shares in the last quarter. Intech Investment Management LLC lifted its position in AES by 0.3% during the 3rd quarter. Intech Investment Management LLC now owns 267,318 shares of the utilities provider's stock worth $3,983,000 after buying an additional 893 shares in the last quarter. Choreo LLC lifted its position in AES by 7.3% during the 3rd quarter. Choreo LLC now owns 13,627 shares of the utilities provider's stock worth $203,000 after buying an additional 932 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of AES by 6.2% during the 3rd quarter. Wedmont Private Capital now owns 17,078 shares of the utilities provider's stock worth $255,000 after buying an additional 1,001 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of AES by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 196,758 shares of the utilities provider's stock valued at $2,884,000 after acquiring an additional 1,033 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

About AES

The AES Corporation is a global power company that develops and operates electricity generation and energy infrastructure. Its portfolio includes renewable energy, natural gas and other power generation, as well as battery energy storage. AES also helps businesses and other customers procure electricity and pursue clean-energy goals.

Founded in 1981 as Applied Energy Services, the company has expanded from its U.S. origins to serve customers across multiple regions, including the Americas, Europe and Asia.

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