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

Shares of The AES Corporation (NYSE:AES) have received an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have issued a report on 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 report on Monday, August 17th.

Institutional Investors Weigh In On AES

Institutional investors and hedge funds have recently modified their holdings of the company. New Mexico Educational Retirement Board lifted its holdings in shares of AES by 2.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 32,922 shares of the utilities provider’s stock valued at $472,000 after acquiring an additional 800 shares in the last quarter. Arizona State Retirement System increased its holdings in 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 purchasing an additional 1,033 shares in the last quarter. Mufg Securities Americas Inc. raised its position in AES by 9.0% in the second quarter. Mufg Securities Americas Inc. now owns 21,479 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 1,774 shares during the period. QRG Capital Management Inc. lifted its stake in shares of AES by 14.7% during 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. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of AES by 61.0% during 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 in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Up 0.2%

Shares of NYSE:AES opened at $14.93 on Friday. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 5.70 and a beta of 0.97. AES has a 12-month low of $13.21 and a 12-month high of $17.65. The business has a 50-day moving average price of $14.79 and a 200 day moving average price of $14.61. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93.

AES (NYSE:AES) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 EPS for the quarter, beating 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 company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Sell-side analysts expect that AES will post 2.14 EPS for the current year.

AES Announces Dividend

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

AES Company Profile

AES Corporation is a global energy company that develops, owns and operates electricity generation and utility businesses. Its activities include renewable energy, natural gas-fired generation, battery energy storage and other energy infrastructure, as well as the distribution of electricity to customers through regulated utility operations.

The company serves residential, commercial and industrial customers in the United States and international markets, including countries in Latin America.