The AES Co. (NYSE:AES) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The AES Co. (NYSE:AES – Get Rating) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $30.80.

A number of research firms have recently weighed in on AES. UBS Group upped their target price on shares of AES from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 29th. TheStreet downgraded shares of AES from a “b-” rating to a “c” rating in a research report on Monday. Evercore ISI upped their target price on shares of AES to $30.00 in a research report on Monday, December 12th. Susquehanna Bancshares upped their target price on shares of AES from $30.00 to $33.00 in a research report on Monday, November 7th. Finally, Argus upped their target price on shares of AES from $29.00 to $31.00 in a research report on Thursday, December 1st.

AES Trading Up 1.9 %

Shares of AES opened at $25.10 on Friday. The firm has a 50 day moving average price of $26.73 and a 200-day moving average price of $26.49. AES has a fifty-two week low of $18.62 and a fifty-two week high of $29.89. The company has a debt-to-equity ratio of 5.93, a quick ratio of 1.12 and a current ratio of 1.18. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of -28.85, a PEG ratio of 1.67 and a beta of 0.94.

AES (NYSE:AES – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The utilities provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $1.58 billion. AES had a negative net margin of 3.99% and a positive return on equity of 37.94%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. As a group, equities research analysts forecast that AES will post 1.73 earnings per share for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be given a dividend of $0.1659 per share. This represents a $0.66 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, April 28th. AES’s dividend payout ratio (DPR) is -75.86%.

Insider Buying and Selling at AES

In other AES news, CEO Andres Gluski sold 748,625 shares of the company’s stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $28.43, for a total transaction of $21,283,408.75. Following the transaction, the chief executive officer now owns 1,285,504 shares in the company, valued at approximately $36,546,878.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On AES

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sugarloaf Wealth Management LLC bought a new stake in shares of AES during the 4th quarter valued at $27,000. Coppell Advisory Solutions Corp. bought a new stake in shares of AES during the 4th quarter valued at $27,000. Concord Wealth Partners bought a new stake in shares of AES during the 4th quarter valued at $29,000. Gyon Technologies Capital Management LP bought a new position in AES in the 4th quarter worth $32,000. Finally, Resurgent Financial Advisors LLC bought a new position in AES in the 4th quarter worth $34,000. Institutional investors own 95.46% of the company’s stock.

AES Company Profile

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The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.