The AES Corp. (AES) Plans Quarterly Dividend of $0.11
The AES Corp. (NYSE:AES) announced a quarterly dividend on Friday, October 14th. Investors of record on Tuesday, November 1st will be paid a dividend of 0.11 per share on Tuesday, November 15th. This represents a $0.44 annualized dividend and a yield of 3.75%.
Shares of The AES Corp. (NYSE:AES) opened at 11.73 on Friday. The company’s 50-day moving average is $12.41 and its 200 day moving average is $11.85. The firm’s market capitalization is $7.73 billion. The AES Corp. has a 52 week low of $8.22 and a 52 week high of $13.32.
The AES Corp. (NYSE:AES) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The AES Corp. had a negative net margin of 1.89% and a positive return on equity of 13.56%. The firm earned $3.23 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. The AES Corp.’s revenue for the quarter was down 11.7% compared to the same quarter last year. Analysts anticipate that The AES Corp. will post $0.99 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in AES. Advantus Capital Management Inc increased its stake in The AES Corp. by 132.6% in the second quarter. Advantus Capital Management Inc now owns 147,926 shares of the company’s stock valued at $1,846,000 after buying an additional 84,340 shares in the last quarter. Tredje AP fonden acquired a new stake in The AES Corp. during the second quarter valued at about $234,000. Canada Pension Plan Investment Board increased its stake in The AES Corp. by 188.7% in the second quarter. Canada Pension Plan Investment Board now owns 365,319 shares of the company’s stock valued at $4,559,000 after buying an additional 238,800 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in The AES Corp. by 13.4% in the second quarter. TIAA CREF Investment Management LLC now owns 2,454,822 shares of the company’s stock valued at $30,636,000 after buying an additional 290,522 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in The AES Corp. by 6.4% in the second quarter. Teachers Advisors Inc. now owns 878,147 shares of the company’s stock valued at $10,959,000 after buying an additional 52,472 shares in the last quarter. Institutional investors own 94.54% of the company’s stock.
Several brokerages recently commented on AES. TheStreet lowered shares of The AES Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of The AES Corp. in a research report on Thursday, June 16th. Zacks Investment Research lowered shares of The AES Corp. from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Barclays PLC lowered shares of The AES Corp. from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $14.00 to $12.00 in a research report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.75.
About The AES Corp.
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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