The AES Corporation (NYSE:AES) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The AES Corporation (NYSE:AES) have received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.0833.

A number of brokerages recently commented on AES. Weiss Ratings reiterated a “hold (c-)” rating on shares of AES in a research report on Monday, December 29th. Mizuho lifted their price objective on AES from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Barclays restated an “equal weight” rating and set a $15.00 target price on shares of AES in a report on Wednesday, February 4th. Argus upgraded AES from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, December 5th. Finally, Jefferies Financial Group boosted their price objective on AES from $13.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd.

Hedge Funds Weigh In On AES

Several hedge funds and other institutional investors have recently modified their holdings of AES. SG Americas Securities LLC boosted its holdings in shares of AES by 128.6% during the fourth quarter. SG Americas Securities LLC now owns 7,147,438 shares of the utilities provider’s stock worth $102,494,000 after purchasing an additional 4,021,385 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in AES by 975.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,086,164 shares of the utilities provider’s stock valued at $32,466,000 after purchasing an additional 2,799,148 shares during the last quarter. Sound Shore Management Inc CT lifted its holdings in AES by 32.3% in the 2nd quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock worth $84,872,000 after buying an additional 1,969,741 shares during the period. Sound Shore Management Inc. CT grew its position in shares of AES by 17.0% in the 4th quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock worth $98,922,000 after buying an additional 1,002,530 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in shares of AES by 10.9% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,812,629 shares of the utilities provider’s stock valued at $82,189,000 after buying an additional 769,168 shares during the period. 93.13% of the stock is owned by institutional investors.

AES Trading Up 1.1%

AES stock opened at $16.24 on Wednesday. The company has a market capitalization of $11.56 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 0.60 and a beta of 1.00. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.66 and a current ratio of 0.72. AES has a one year low of $9.46 and a one year high of $16.35. The company’s 50 day moving average price is $14.40 and its two-hundred day moving average price is $13.90.

AES Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.176 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.70 annualized dividend and a yield of 4.3%. AES’s dividend payout ratio is presently 43.75%.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.