The AES Co. (NYSE:AES) Receives Average Recommendation of “Buy” from Analysts

Shares of The AES Co. (NYSE:AESGet Rating) have received an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.19.

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on AES from $30.50 to $32.50 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Seaport Res Ptn reiterated a “buy” rating on shares of AES in a research report on Monday, April 4th. StockNews.com assumed coverage on AES in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet lowered AES from a “b” rating to a “c-” rating in a research report on Tuesday, March 1st. Finally, Credit Suisse Group began coverage on AES in a research report on Monday, April 25th. They issued a “neutral” rating and a $25.00 price objective on the stock.

In other AES news, CFO Stephen Coughlin bought 47,000 shares of AES stock in a transaction on Friday, March 4th. The shares were purchased at an average cost of $21.30 per share, for a total transaction of $1,001,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.77% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Capital International Investors lifted its holdings in AES by 11.5% during the fourth quarter. Capital International Investors now owns 69,975,664 shares of the utilities provider’s stock worth $1,700,403,000 after acquiring an additional 7,233,542 shares in the last quarter. Capital World Investors raised its stake in shares of AES by 6.5% in the 4th quarter. Capital World Investors now owns 55,815,599 shares of the utilities provider’s stock valued at $1,356,319,000 after purchasing an additional 3,412,942 shares during the period. Geode Capital Management LLC raised its stake in shares of AES by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 12,182,321 shares of the utilities provider’s stock valued at $295,241,000 after purchasing an additional 248,558 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of AES by 13.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,757,837 shares of the utilities provider’s stock valued at $261,415,000 after purchasing an additional 1,261,622 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of AES by 24.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,465,495 shares of the utilities provider’s stock valued at $238,929,000 after purchasing an additional 2,069,815 shares during the period. Hedge funds and other institutional investors own 92.97% of the company’s stock.

AES stock opened at $20.94 on Friday. The business has a fifty day moving average price of $23.20 and a 200 day moving average price of $23.40. AES has a fifty-two week low of $19.76 and a fifty-two week high of $27.00. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of -77.56, a P/E/G ratio of 1.91 and a beta of 1.01. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.13 and a quick ratio of 1.00.

AES (NYSE:AESGet Rating) last released its quarterly earnings results on Friday, May 6th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). AES had a negative net margin of 4.61% and a positive return on equity of 31.10%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts expect that AES will post 1.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Friday, April 29th will be given a $0.158 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $0.63 annualized dividend and a dividend yield of 3.02%. AES’s dividend payout ratio is currently -233.33%.

AES Company Profile (Get Rating)

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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Analyst Recommendations for AES (NYSE:AES)

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