AES Corp (NYSE:AES)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $13.59 and last traded at $13.46, with a volume of 390110 shares. The stock had previously closed at $13.43.
Several equities analysts recently weighed in on the company. Zacks Investment Research cut AES from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Bank of America lowered AES from a “neutral” rating to an “underperform” rating and set a $12.50 price objective on the stock. in a research note on Monday, July 2nd. UBS Group increased their price target on AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 20th. Scotiabank upgraded AES from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 9th. Finally, Morgan Stanley started coverage on AES in a report on Friday, April 27th. They set a “weight” rating and a $13.50 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.00.
Get AES alerts:The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.00 and a current ratio of 1.12. The stock has a market capitalization of $8.80 billion, a PE ratio of 12.47, a P/E/G ratio of 1.34 and a beta of 1.18.
AES (NYSE:AES) last released its quarterly earnings results on Tuesday, May 8th. The utilities provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.13 billion. AES had a negative net margin of 3.63% and a positive return on equity of 18.70%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. equities research analysts forecast that AES Corp will post 1.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 17th. Stockholders of record on Friday, August 3rd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.86%. AES’s dividend payout ratio (DPR) is presently 48.15%.
A number of hedge funds have recently added to or reduced their stakes in AES. Aristotle Capital Management LLC increased its holdings in AES by 6.1% in the 1st quarter. Aristotle Capital Management LLC now owns 18,490,269 shares of the utilities provider’s stock worth $210,234,000 after buying an additional 1,069,686 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in AES by 0.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 17,801,885 shares of the utilities provider’s stock valued at $238,723,000 after purchasing an additional 91,198 shares in the last quarter. TCW Group Inc. lifted its holdings in AES by 1.9% in the 1st quarter. TCW Group Inc. now owns 10,606,820 shares of the utilities provider’s stock valued at $120,599,000 after purchasing an additional 194,074 shares in the last quarter. Northern Trust Corp raised its holdings in shares of AES by 0.9% during the 1st quarter. Northern Trust Corp now owns 8,125,646 shares of the utilities provider’s stock worth $92,388,000 after acquiring an additional 70,732 shares during the period. Finally, Alps Advisors Inc. raised its holdings in shares of AES by 0.5% during the 1st quarter. Alps Advisors Inc. now owns 4,477,515 shares of the utilities provider’s stock worth $50,909,000 after acquiring an additional 24,156 shares during the period. Institutional investors and hedge funds own 95.44% of the company’s stock.
AES Company Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.
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