The AES Corporation (NYSE:AES) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04, Bloomberg Earnings reports. The AES Corporation had a negative net margin of 9.27% and a positive return on equity of 14.71%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. The AES Corporation updated its FY17 guidance to $1.00-1.10 EPS.

The AES Corporation (AES) opened at 11.10 on Tuesday. The AES Corporation has a one year low of $10.60 and a one year high of $13.32. The firm’s market capitalization is $7.33 billion. The company’s 50-day moving average is $11.32 and its 200-day moving average is $11.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be issued a $0.12 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.32%. The AES Corporation’s dividend payout ratio (DPR) is presently -24.62%.

Several institutional investors have recently modified their holdings of AES. Jane Street Group LLC purchased a new position in shares of The AES Corporation during the first quarter worth about $117,000. IFP Advisors Inc boosted its position in shares of The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,489 shares in the last quarter. HRT Financial LLC purchased a new position in shares of The AES Corporation during the first quarter worth about $132,000. Pacer Advisors Inc. boosted its position in shares of The AES Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock worth $150,000 after buying an additional 402 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of The AES Corporation by 62.7% in the second quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock worth $158,000 after buying an additional 5,492 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

A number of analysts have recently issued reports on AES shares. ValuEngine upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. Finally, BidaskClub upgraded shares of The AES Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.75.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/08/the-aes-corporation-aes-posts-earnings-results-beats-expectations-by-0-04-eps.html.

The AES Corporation Company Profile

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.

Earnings History for The AES Corporation (NYSE:AES)

Receive News & Ratings for The AES Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The AES Corporation and related companies with MarketBeat.com's FREE daily email newsletter.