AES (NYSE:AES) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AES (NYSE:AES) to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.80.

AES Stock Performance

Shares of AES stock opened at $14.91 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.86 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 5.99 and a beta of 0.95. The stock has a fifty day moving average of $14.89 and a 200 day moving average of $14.79. AES has a 52 week low of $13.28 and a 52 week high of $17.65.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.1759 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. AES’s dividend payout ratio is 28.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AES. Intech Investment Management LLC raised its holdings in AES by 0.3% during the third quarter. Intech Investment Management LLC now owns 267,318 shares of the utilities provider’s stock worth $3,983,000 after purchasing an additional 893 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of AES by 108.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,564 shares of the utilities provider’s stock worth $143,000 after buying an additional 4,966 shares in the last quarter. Optas LLC acquired a new stake in AES in the 3rd quarter valued at about $151,000. McKinney Capital Management LLC increased its holdings in AES by 9.8% during the 3rd quarter. McKinney Capital Management LLC now owns 97,222 shares of the utilities provider’s stock valued at $1,449,000 after acquiring an additional 8,715 shares in the last quarter. Finally, Allworth Financial LP raised its position in AES by 13.3% during the third quarter. Allworth Financial LP now owns 20,804 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 2,439 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

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.