The AES Co. (NYSE:AES) Receives $22.38 Average PT from Analysts

The AES Co. (NYSE:AES - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.38.

Several analysts have recently issued reports on the company. Susquehanna decreased their price target on AES from $24.00 to $21.00 and set a "positive" rating for the company in a research note on Tuesday, November 5th. Evercore ISI upgraded AES to a "strong-buy" rating in a research note on Wednesday, September 18th. Jefferies Financial Group began coverage on AES in a research report on Wednesday, September 11th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, Barclays raised their price objective on AES from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st.

AES Trading Down 1.6 %

Shares of NYSE AES traded down $0.22 during midday trading on Monday, hitting $13.75. The stock had a trading volume of 3,539,717 shares, compared to its average volume of 8,701,087. The company has a fifty day moving average price of $17.25 and a 200 day moving average price of $18.08. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 9.70 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. AES has a 1-year low of $13.27 and a 1-year high of $22.21.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The company's revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts predict that AES will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Friday, November 1st. AES's dividend payout ratio (DPR) is currently 47.92%.

Institutional Investors Weigh In On AES

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in AES by 2.2% during the first quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider's stock worth $1,608,773,000 after purchasing an additional 1,929,523 shares during the last quarter. Capital International Investors increased its holdings in AES by 11.4% in the first quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider's stock valued at $1,392,110,000 after purchasing an additional 7,969,594 shares during the period. State Street Corp increased its holdings in AES by 18.2% in the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider's stock valued at $775,354,000 after purchasing an additional 5,960,546 shares during the period. Geode Capital Management LLC boosted its position in AES by 1.1% during the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider's stock valued at $330,125,000 after acquiring an additional 181,975 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in AES by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider's stock valued at $134,286,000 after acquiring an additional 82,956 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

AES Company Profile

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.