AES Corp (AES) Receives Consensus Rating of “Hold” from Brokerages

Shares of AES Corp (NYSE:AES) have been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.88.

A number of analysts have recently weighed in on the company. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and set a $11.50 target price for the company in a research report on Tuesday, October 24th. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Morgan Stanley cut their target price on AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th.

In other AES news, COO Santos Bernerd Da acquired 4,700 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $10.60 per share, for a total transaction of $49,820.00. Following the transaction, the chief operating officer now directly owns 96,186 shares in the company, valued at $1,019,571.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas M. O’flynn acquired 9,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $10.64 per share, with a total value of $101,080.00. Following the completion of the transaction, the chief financial officer now owns 219,131 shares in the company, valued at $2,331,553.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 38,832 shares of company stock valued at $401,407. 1.09% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Cypress Capital Group acquired a new position in AES in the 3rd quarter worth about $138,000. CAPROCK Group Inc. increased its holdings in AES by 69.5% in the 4th quarter. CAPROCK Group Inc. now owns 19,692 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 8,073 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in AES in the 3rd quarter worth about $668,000. ETRADE Capital Management LLC increased its holdings in AES by 25.3% in the 3rd quarter. ETRADE Capital Management LLC now owns 62,722 shares of the utilities provider’s stock worth $691,000 after purchasing an additional 12,669 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in 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 purchasing an additional 52,127 shares in the last quarter. Institutional investors and hedge funds own 93.08% of the company’s stock.

Shares of AES (NYSE:AES) opened at $11.75 on Friday. The firm has a market capitalization of $7,614.26, a price-to-earnings ratio of -10.04, a PEG ratio of 1.18 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20. AES has a 1 year low of $10.00 and a 1 year high of $12.05.

AES (NYSE:AES) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. sell-side analysts anticipate that AES will post 1.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.13 per share. This is an increase from AES’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Wednesday, January 31st. AES’s dividend payout ratio is currently -41.03%.

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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.

Analyst Recommendations for AES (NYSE:AES)

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