AES Corp (AES) Given Average Recommendation of “Hold” by Brokerages
Shares of AES Corp (NYSE:AES) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.00.
Several analysts have recently issued reports on AES shares. Argus reiterated a “hold” rating on shares of AES Corp in a research note on Thursday, March 23rd. Zacks Investment Research upgraded AES Corp from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, February 16th.
Several hedge funds have recently bought and sold shares of the company. Bogle Investment Management L P DE bought a new position in AES Corp during the fourth quarter worth about $2,063,000. Silvercrest Asset Management Group LLC raised its position in AES Corp by 2.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 12,304 shares of the utilities provider’s stock worth $143,000 after buying an additional 294 shares in the last quarter. Tyers Asset Management LLC bought a new position in AES Corp during the fourth quarter worth about $518,000. Massmutual Trust Co. FSB ADV bought a new position in AES Corp during the fourth quarter worth about $825,000. Finally, Thompson Siegel & Walmsley LLC raised its position in AES Corp by 426.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 5,416,985 shares of the utilities provider’s stock worth $62,945,000 after buying an additional 4,388,090 shares in the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.
Shares of AES Corp (NYSE:AES) opened at 11.33 on Monday. The company’s market capitalization is $7.48 billion. The company’s 50 day moving average price is $11.31 and its 200-day moving average price is $11.50. AES Corp has a 52 week low of $10.49 and a 52 week high of $13.32.
AES Corp (NYSE:AES) last announced its quarterly earnings data on Monday, May 8th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.46 billion. AES Corp had a negative net margin of 1.95% and a positive return on equity of 14.01%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. Analysts anticipate that AES Corp will post $1.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, April 27th. AES Corp’s dividend payout ratio (DPR) is currently -117.07%.
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About 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. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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