The AES Corporation (NYSE:AES) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.00.
Several equities research analysts have recently issued reports on the company. BidaskClub raised The AES from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. ValuEngine raised The AES from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised The AES from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.00 price target on shares of The AES in a research report on Monday, September 11th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of The AES in a research note on Friday, September 8th.
Shares of The AES (AES) traded down $0.03 during trading hours on Friday, hitting $10.58. The stock had a trading volume of 5,254,500 shares, compared to its average volume of 5,323,855. The firm has a market capitalization of $6,980.29, a P/E ratio of 10.47, a P/E/G ratio of 1.27 and a beta of 1.22. The AES has a 12 month low of $10.00 and a 12 month high of $12.47. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Tuesday, October 31st. The AES’s payout ratio is presently -41.03%.
In related news, COO Santos Bernerd Da bought 4,700 shares of The AES stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $10.60 per share, for a total transaction of $49,820.00. Following the completion of the purchase, the chief operating officer now owns 96,186 shares in the company, valued at $1,019,571.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas M. O’flynn bought 9,500 shares of The AES stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $10.64 per share, with a total value of $101,080.00. Following the purchase, the chief financial officer now owns 219,131 shares of the company’s stock, valued at approximately $2,331,553.84. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 38,832 shares of company stock valued at $401,407. 1.09% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ffcm LLC lifted its stake in The AES by 171.8% during the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 6,634 shares during the period. Community Bank & Trust Waco Texas bought a new position in The AES during the second quarter worth about $134,000. Cypress Capital Group bought a new position in The AES during the third quarter worth about $138,000. IFP Advisors Inc lifted its stake in The AES by 80.5% during the second quarter. IFP Advisors Inc now owns 20,452 shares of the utilities provider’s stock worth $227,000 after purchasing an additional 9,123 shares during the period. Finally, Everence Capital Management Inc. lifted its stake in The AES by 104.5% during the second quarter. Everence Capital Management Inc. now owns 28,654 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 14,640 shares during the period. Institutional investors and hedge funds own 93.82% of the company’s stock.
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The AES 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.
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