Analysts Set The AES Corporation (NYSE:AES) Target Price at $24.67

Key Points

• The AES Corporation has received a consensus rating of "Moderate Buy" from twelve brokerages, with an average target price of $24.67 for the stock.
• AES recently reported quarterly earnings of $0.27 EPS, which fell short of the expected $0.37 EPS, alongside a revenue decline of 5.2% year-over-year.
• The company announced a quarterly dividend of $0.176 per share, reflecting a 5.10% yield for investors.

Shares of The AES Corporation (NYSE:AES - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.67.

AES has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of AES from $108.00 to $112.00 in a research note on Friday, May 2nd. HSBC cut their price objective on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Citigroup cut their price objective on shares of AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their price target on shares of AES from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Argus reissued a "hold" rating on shares of AES in a research report on Tuesday, May 27th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AES. Commonwealth Equity Services LLC lifted its position in AES by 25.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 89,765 shares of the utilities provider's stock valued at $1,155,000 after acquiring an additional 18,157 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in AES by 18.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,884 shares of the utilities provider's stock valued at $269,000 after acquiring an additional 3,216 shares during the period. American Century Companies Inc. lifted its position in AES by 16.0% during the 4th quarter. American Century Companies Inc. now owns 1,784,619 shares of the utilities provider's stock valued at $22,968,000 after acquiring an additional 246,046 shares during the period. Sei Investments Co. lifted its position in AES by 350.2% during the 4th quarter. Sei Investments Co. now owns 324,906 shares of the utilities provider's stock valued at $4,181,000 after acquiring an additional 252,744 shares during the period. Finally, LPL Financial LLC lifted its position in AES by 8.1% during the 4th quarter. LPL Financial LLC now owns 519,975 shares of the utilities provider's stock valued at $6,692,000 after acquiring an additional 38,964 shares during the period. 93.13% of the stock is currently owned by institutional investors.

AES Price Performance

AES stock traded down $0.07 during midday trading on Friday, reaching $13.44. The company had a trading volume of 11,333,339 shares, compared to its average volume of 17,767,128. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.84 and a quick ratio of 0.78. AES has a 1 year low of $9.46 and a 1 year high of $20.30. The company has a market capitalization of $9.57 billion, a P/E ratio of 7.31, a P/E/G ratio of 1.82 and a beta of 0.95. The firm has a 50-day moving average price of $11.40 and a 200-day moving average price of $11.25.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). AES had a return on equity of 18.06% and a net margin of 10.67%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the firm earned $0.60 EPS. AES's quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts anticipate that AES will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.176 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.70 annualized dividend and a yield of 5.24%. AES's dividend payout ratio (DPR) is presently 38.04%.

About AES

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.