The AES Corporation (NYSE:AES) Stock Has Average Target Price of $15.83 According to Analysts

Shares of The AES Corporation (NYSE:AES) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.83.

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th.

Hedge Funds Weigh In On AES

Large investors have recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of AES in the second quarter valued at approximately $80,584,000. HBK Investments L P purchased a new position in AES in the second quarter worth $162,298,000. Tidal Investments LLC increased its position in shares of AES by 188.0% during the 2nd quarter. Tidal Investments LLC now owns 290,604 shares of the utilities provider’s stock valued at $4,260,000 after purchasing an additional 189,691 shares during the last quarter. Maven Securities LTD increased its position in shares of AES by 310.8% during the 2nd quarter. Maven Securities LTD now owns 390,700 shares of the utilities provider’s stock valued at $5,728,000 after purchasing an additional 295,600 shares during the last quarter. Finally, BlackRock Inc. bought a new stake in AES in the second quarter worth about $722,429,000. 93.13% of the stock is currently owned by institutional investors.

AES Trading Down 0.0%

Shares of AES stock opened at $14.96 on Tuesday. The stock’s fifty day moving average price is $14.84 and its two-hundred day moving average price is $14.70. The company has a market cap of $10.68 billion, a PE ratio of 5.71 and a beta of 0.97. AES has a fifty-two week low of $13.21 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.67 and a current ratio of 0.75.

AES (NYSE:AES) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. AES had a net margin of 14.30% and a return on equity of 20.69%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Equities analysts predict that AES will post 2.02 EPS for the current fiscal year.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.1759 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. AES’s dividend payout ratio (DPR) is currently 26.72%.

About AES

AES Corporation is a global energy company that develops, owns and operates power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.

The company’s portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.

Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.