The AES Corporation (NYSE:AES) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $12.00.

Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of The AES Corporation in a research report on Monday, July 10th. BidaskClub raised shares of The AES Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research raised shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Thursday, August 17th. Finally, ValuEngine lowered shares of The AES Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th.

Shares of The AES Corporation (AES) opened at 11.35 on Wednesday. The AES Corporation has a 12-month low of $10.60 and a 12-month high of $13.32. The firm’s market cap is $7.49 billion. The company has a 50-day moving average of $11.12 and a 200 day moving average of $11.36.

The AES Corporation (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Equities research analysts anticipate that The AES Corporation will post $1.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Tuesday, August 1st. The AES Corporation’s dividend payout ratio is -42.10%.

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Institutional investors have recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd raised its position in The AES Corporation by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 202,145 shares of the utilities provider’s stock worth $2,259,000 after buying an additional 1,700 shares in the last quarter. James Investment Research Inc. raised its position in The AES Corporation by 56.5% in the first quarter. James Investment Research Inc. now owns 47,895 shares of the utilities provider’s stock worth $535,000 after buying an additional 17,295 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in The AES Corporation by 42.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 51,639 shares of the utilities provider’s stock worth $577,000 after buying an additional 15,342 shares in the last quarter. Nationwide Fund Advisors raised its position in The AES Corporation by 16.4% in the first quarter. Nationwide Fund Advisors now owns 1,050,191 shares of the utilities provider’s stock worth $11,741,000 after buying an additional 148,034 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in The AES Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 17,580 shares of the utilities provider’s stock worth $184,000 after buying an additional 659 shares in the last quarter. 93.49% of the stock is currently owned by institutional investors.

About The AES Corporation

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.

Analyst Recommendations for The AES Corporation (NYSE:AES)

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