The AES Co. (NYSE:AES) has received an average rating of “Moderate Buy” by analysts

The shares of The AES Co. (NYSE:AES – Get Free Report ) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.71.

A number of equities analysts recently commented on the company. Seaport Res Ptn cut AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Barclays dropped their target price on AES from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, Mizuho upped their price objective on AES from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, May 17th.

Get the latest report on AES

AES stock down 0.1%

AES opened at $16.66 on Friday. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.78, and a quick ratio of 0.71. The company has a 50-day moving average of $18.23 and a 200-day moving average of $17.77. The company has a market cap of $11.84 billion, a PE ratio of 23.14 and a beta of 1.08. AES has a fifty-two week low of $11.43 and a fifty-two week high of $22.21.

AES (NYSE:AES – Get Your Free Report ) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.22 billion. AES had a return on equity of 35.44% and a net margin of 6.07%. AES’s revenue was down 2.8% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $0.21 per share. equities research analysts forecast that AES will post 1.91 EPS for the current fiscal year.

AES announces dividends

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.1725 per share. The ex-dividend date of this dividend is Thursday, August 1. This represents a dividend of $0.69 on an annualized basis and a dividend yield of 4.14%. AES’s dividend payout ratio is currently 95.83%.

Hedge funds influence AES

Several large investors have recently made changes to their positions in AES. Vanguard Group Inc. raised its stake in AES by 2.2% in the first quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock worth $1,608,773,000 after acquiring an additional 1,929,523 shares during the period. Capital International Investors grew its position 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 last quarter. Capital World Investors lifted its position in shares of AES by 76.9% during the fourth quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock worth $1,373,460,000 after buying an additional 31,009,718 shares during the last quarter. M&G Plc purchased a new stake in AES in the first quarter valued at $123,272,000. Finally, Goldman Sachs Group Inc. raised its stake in AES by 70.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider’s stock valued at $124,008,000 after purchasing an additional 2,670,001 shares in the last quarter. 93.13% of shares are currently owned by institutional investors and hedge funds.

About AES

(Get a free report

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 customers in the residential, commercial, industrial and government sectors; and generate and sell electricity on the wholesale market.

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