The AES Corporation (NYSE:AES) Receives $15.71 Consensus Target Price from Brokerages

Shares of The AES Corporation (NYSE:AES) have been given an average rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.7143.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of AES in a research report on Monday, June 1st.

AES Stock Down 0.1%

AES stock opened at $14.72 on Thursday. The firm’s 50-day moving average is $14.71 and its two-hundred day moving average is $14.76. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 7.87 and a beta of 0.97. AES has a 52 week low of $12.33 and a 52 week high of $17.65. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.93.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, July 31st. AES’s dividend payout ratio (DPR) is presently 37.43%.

Hedge Funds Weigh In On AES

A number of hedge funds have recently modified their holdings of AES. BlackRock Inc. purchased a new stake in shares of AES during the second quarter valued at $722,429,000. SG Americas Securities LLC increased its stake in AES by 99.8% in the 1st quarter. SG Americas Securities LLC now owns 14,280,668 shares of the utilities provider’s stock worth $201,215,000 after purchasing an additional 7,133,230 shares in the last quarter. Sound Shore Management Inc. CT raised its holdings in AES by 17.0% during the 4th quarter. Sound Shore Management Inc. CT now owns 6,898,342 shares of the utilities provider’s stock worth $98,922,000 after buying an additional 1,002,530 shares during the period. Bank of New York Mellon Corp acquired a new stake in AES during the 2nd quarter worth about $97,056,000. Finally, Deutsche Bank AG purchased a new stake in AES during the second quarter valued at about $35,158,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.