Shares of The AES Corporation (NYSE:AES) have been given an average rating of “Hold” by the eight analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.00.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of The AES from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Thursday, August 24th. BidaskClub upgraded shares of The AES from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. SunTrust Banks reiterated a “buy” rating and set a $15.00 target price on shares of The AES in a research report on Wednesday, September 13th. Royal Bank Of Canada reiterated a “hold” rating and set a $12.00 target price 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 report on Friday, September 8th.
Shares of The AES (NYSE AES) traded down $0.03 during trading hours on Friday, reaching $10.58. 5,254,500 shares of the company traded hands, compared to its average volume of 5,323,855. The stock has a market capitalization of $6,980.29, a PE 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.54%. The AES’s payout ratio is -41.03%.
In other The AES news, insider Andres Gluski acquired 24,632 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, for a total transaction of $250,507.44. Following the acquisition, the insider now owns 868,396 shares in the company, valued at approximately $8,831,587.32. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Santos Bernerd Da acquired 4,700 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $10.60 per share, with a total value of $49,820.00. Following the completion of the acquisition, the chief operating officer now owns 96,186 shares in the company, valued at approximately $1,019,571.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 38,832 shares of company stock valued at $401,407. Company insiders own 1.09% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of The AES by 7.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 312,162 shares of the utilities provider’s stock worth $3,440,000 after acquiring an additional 22,799 shares during the last quarter. Cypress Capital Group bought a new stake in shares of The AES in the 3rd quarter worth approximately $138,000. Sterling Capital Management LLC lifted its holdings in shares of The AES by 171.0% in the 3rd quarter. Sterling Capital Management LLC now owns 82,609 shares of the utilities provider’s stock worth $910,000 after acquiring an additional 52,127 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of The AES in the 3rd quarter worth approximately $668,000. Finally, Capital International Investors lifted its holdings in shares of The AES by 2.4% in the 3rd quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock worth $265,860,000 after acquiring an additional 567,371 shares during the last quarter. Hedge funds and other institutional investors 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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