Shares of AES Corp (NYSE:AES) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.00.
Several brokerages recently issued reports on AES. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, October 10th. Bank of America cut shares of AES from a “neutral” rating to an “underperform” rating and set a $12.50 price target on the stock. in a research report on Monday, July 2nd. Finally, Morgan Stanley reiterated a “hold” rating and set a $14.50 price target (up previously from $14.00) on shares of AES in a research report on Thursday, October 11th.
Shares of NYSE AES traded up $0.15 during midday trading on Tuesday, hitting $14.67. 73,551 shares of the company traded hands, compared to its average volume of 6,906,049. AES has a 12-month low of $9.86 and a 12-month high of $15.39. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.32 and a quick ratio of 1.18. The stock has a market capitalization of $9.63 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.45 and a beta of 1.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Wednesday, October 31st. AES’s dividend payout ratio (DPR) is presently 48.15%.
Institutional investors and hedge funds have recently made changes to their positions in the business. MinichMacGregor Wealth Management LLC purchased a new stake in AES in the third quarter worth about $121,000. Creative Planning purchased a new stake in AES in the third quarter worth about $141,000. Gideon Capital Advisors Inc. purchased a new stake in AES in the second quarter worth about $142,000. Mount Yale Investment Advisors LLC purchased a new stake in AES in the first quarter worth about $146,000. Finally, Wedbush Securities Inc. purchased a new stake in AES in the second quarter worth about $152,000. Institutional investors and hedge funds own 99.01% of the company’s stock.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
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