The AES Corporation (NYSE:AES) Receives $15.71 Consensus Target Price from Brokerages

The AES Corporation (NYSE:AES) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.7143.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AES in a research note on Monday, June 1st.

AES Price Performance

AES stock opened at $14.71 on Thursday. The company has a market cap of $10.49 billion, a PE ratio of 5.61 and a beta of 0.97. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93. The stock has a 50-day moving average price of $14.71 and a two-hundred day moving average price of $14.76. AES has a 12-month low of $12.33 and a 12-month high of $17.65.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, July 31st. AES’s payout ratio is 37.43%.

Institutional Investors Weigh In On AES

Several large investors have recently made changes to their positions in AES. Dorsey & Whitney Trust CO LLC raised its holdings in shares of AES by 4.8% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,658 shares of the utilities provider’s stock valued at $210,000 after buying an additional 671 shares during the period. New Mexico Educational Retirement Board grew its position in AES by 2.5% in the fourth 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. Zions Bancorporation National Association UT raised its stake in shares of AES by 3.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 28,581 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 852 shares during the period. S&CO Inc. raised its stake in shares of AES by 6.2% during the fourth quarter. S&CO Inc. now owns 17,000 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 1,000 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position 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. Institutional investors and hedge funds own 93.13% of the company’s stock.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.