The AES Co. (NYSE:AES - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $10.69 and last traded at $10.60, with a volume of 328396 shares. The stock had previously closed at $11.00.
Analyst Ratings Changes
A number of analysts have recently issued reports on AES shares. Barclays cut their target price on shares of AES from $17.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Bank of America started coverage on shares of AES in a research note on Monday, November 25th. They set an "underperform" rating and a $11.00 target price for the company. Hsbc Global Res upgraded shares of AES to a "strong-buy" rating in a research note on Friday, December 13th. HSBC started coverage on shares of AES in a research note on Friday, December 13th. They set a "buy" rating and a $17.00 target price for the company. Finally, Susquehanna cut their target price on shares of AES from $24.00 to $21.00 and set a "positive" rating for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.80.
Check Out Our Latest Research Report on AES
AES Stock Down 2.5 %
The firm's 50-day moving average price is $12.36 and its 200 day moving average price is $15.29. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 0.84 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21.
AES Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.176 dividend. The ex-dividend date is Friday, January 31st. This is a boost from AES's previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 6.67%. AES's payout ratio is presently 48.61%.
Institutional Investors Weigh In On AES
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cromwell Holdings LLC grew its holdings in AES by 59.1% during the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider's stock worth $35,000 after acquiring an additional 640 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in AES by 3.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider's stock worth $528,000 after acquiring an additional 826 shares during the last quarter. Empowered Funds LLC grew its holdings in AES by 8.0% during the 3rd quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider's stock worth $224,000 after acquiring an additional 830 shares during the last quarter. OLD Second National Bank of Aurora grew its holdings in AES by 1.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider's stock worth $1,698,000 after acquiring an additional 835 shares during the last quarter. Finally, Live Oak Investment Partners grew its holdings in AES by 3.9% during the 3rd quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider's stock worth $587,000 after acquiring an additional 1,104 shares during the last quarter. 93.13% of the stock is owned by institutional investors.
AES Company Profile
(
Get Free Report)
The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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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