AES Corp (NYSE:AES) shares reached a new 52-week high on Monday . The company traded as high as $20.42 and last traded at $20.37, with a volume of 1973680 shares changing hands. The stock had previously closed at $20.18.
A number of equities research analysts recently weighed in on AES shares. ValuEngine upgraded AES from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. TheStreet upgraded AES from a “c+” rating to a “b” rating in a research note on Wednesday, November 6th. Morgan Stanley increased their price target on AES from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Finally, UBS Group increased their price target on AES from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.51.
The business has a 50 day moving average of $19.48 and a two-hundred day moving average of $17.24. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 3.32. The firm has a market cap of $13.40 billion, a P/E ratio of 16.45, a PEG ratio of 1.52 and a beta of 1.09.
AES (NYSE:AES) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. AES had a return on equity of 22.67% and a net margin of 4.90%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business earned $0.35 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, sell-side analysts predict that AES Corp will post 1.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.1433 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 2.81%. This is a positive change from AES’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, January 30th. AES’s dividend payout ratio is currently 44.35%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Neo Ivy Capital Management acquired a new position in AES in the 2nd quarter valued at $725,000. State of Michigan Retirement System grew its holdings in AES by 0.4% in the 3rd quarter. State of Michigan Retirement System now owns 159,605 shares of the utilities provider’s stock valued at $2,608,000 after buying an additional 700 shares in the last quarter. Man Group plc grew its holdings in AES by 51.6% in the 3rd quarter. Man Group plc now owns 1,305,678 shares of the utilities provider’s stock valued at $21,335,000 after buying an additional 444,372 shares in the last quarter. Alexandria Capital LLC grew its holdings in AES by 0.5% in the 3rd quarter. Alexandria Capital LLC now owns 211,808 shares of the utilities provider’s stock valued at $3,461,000 after buying an additional 1,050 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in AES by 2.8% in the 2nd quarter. BlackRock Inc. now owns 62,062,199 shares of the utilities provider’s stock valued at $1,040,161,000 after buying an additional 1,688,310 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.
AES Company Profile (NYSE:AES)
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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