AES has been the subject of a number of other research reports. BidaskClub upgraded shares of The AES Corporation from a strong sell rating to a sell rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of The AES Corporation from a hold rating to a buy rating and set a $13.00 price objective for the company in a report on Thursday, August 24th. Finally, ValuEngine cut shares of The AES Corporation from a buy rating to a hold rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The AES Corporation currently has an average rating of Hold and an average target price of $11.75.
The AES Corporation (NYSE:AES) opened at 11.21 on Friday. The stock’s 50 day moving average is $11.18 and its 200-day moving average is $11.33. The company’s market capitalization is $7.40 billion. The AES Corporation has a 1-year low of $10.60 and a 1-year high of $13.32.
The AES Corporation (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, analysts expect that The AES Corporation will post $1.05 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 3rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Tuesday, August 1st. The AES Corporation’s dividend payout ratio (DPR) is currently -42.10%.
Hedge funds have recently made changes to their positions in the stock. Ffcm LLC grew its holdings in The AES Corporation by 171.8% during the 2nd quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 6,634 shares in the last quarter. Jane Street Group LLC acquired a new position in The AES Corporation during the 1st quarter worth approximately $117,000. IFP Advisors Inc grew its holdings in The AES Corporation by 94.0% during the 1st quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 5,489 shares in the last quarter. HRT Financial LLC acquired a new position in The AES Corporation during the 1st quarter worth approximately $132,000. Finally, Community Bank & Trust Waco Texas acquired a new position in The AES Corporation during the 2nd quarter worth approximately $134,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.
The AES Corporation Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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