AES Corp (NYSE:AES) has been given an average rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.50.
A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 price objective on the stock in a report on Tuesday, October 24th. ValuEngine cut shares of AES from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. UBS Group assumed coverage on shares of AES in a report on Friday, February 2nd. They issued a “neutral” rating and a $12.00 price objective on the stock. SunTrust Banks set a $14.00 price objective on shares of AES and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Morgan Stanley cut their price objective on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Wednesday, December 13th.
Several large investors have recently bought and sold shares of AES. Alps Advisors Inc. purchased a new stake in shares of AES during the fourth quarter valued at approximately $48,230,000. Deutsche Bank AG grew its holdings in shares of AES by 87.3% during the fourth quarter. Deutsche Bank AG now owns 5,524,276 shares of the utilities provider’s stock valued at $59,825,000 after buying an additional 2,574,779 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of AES during the third quarter valued at approximately $21,256,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of AES during the fourth quarter valued at approximately $19,477,000. Finally, Two Sigma Investments LP grew its holdings in shares of AES by 166.4% during the fourth quarter. Two Sigma Investments LP now owns 2,621,643 shares of the utilities provider’s stock valued at $28,392,000 after buying an additional 1,637,712 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.12. AES’s dividend payout ratio is -1,733.33%.
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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.
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