The AES Co. (NYSE:AES) Receives $22.38 Consensus PT from Analysts

The AES Co. (NYSE:AES) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.38.

AES has been the subject of a number of analyst reports. Susquehanna lowered their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group began coverage on shares of AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Barclays boosted their price objective on shares of AES from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI raised shares of AES to a “strong-buy” rating in a report on Wednesday, September 18th.

AES Stock Performance

NYSE AES opened at $13.28 on Monday. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 9.22 and a beta of 1.10. The company has a 50 day moving average of $17.06 and a 200-day moving average of $17.98. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. AES has a 1-year low of $13.16 and a 1-year high of $22.21.

AES (NYSE:AES) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. AES’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. On average, equities analysts forecast that AES will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Friday, November 1st. AES’s dividend payout ratio (DPR) is presently 47.92%.

Institutional Investors Weigh In On AES

Large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in shares of AES by 161.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 107,016 shares of the utilities provider’s stock worth $2,035,000 after buying an additional 66,145 shares during the period. M&G PLC increased its position in shares of AES by 12.7% during the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock worth $130,235,000 after buying an additional 732,457 shares during the period. Summit Global Investments bought a new position in AES during the third quarter worth $816,000. Empower Advisory Group LLC boosted its stake in AES by 5.8% during the third quarter. Empower Advisory Group LLC now owns 3,522,334 shares of the utilities provider’s stock worth $70,658,000 after acquiring an additional 193,755 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in AES by 178.5% during the first quarter. Lazard Asset Management LLC now owns 689,879 shares of the utilities provider’s stock worth $12,369,000 after acquiring an additional 442,184 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Company Profile

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.