AES (NYSE:AES) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of AES (NYSE:AES – Get Rating) in a research report released on Monday, Benzinga reports. Royal Bank of Canada currently has a $32.00 price target on the utilities provider’s stock.

Other analysts also recently issued reports about the company. Susquehanna increased their target price on AES from $30.00 to $33.00 in a research note on Monday, November 7th. Susquehanna Bancshares raised their price target on AES from $30.00 to $33.00 in a research note on Monday, November 7th. TheStreet downgraded AES from a b- rating to a c rating in a research note on Monday, February 27th. Citigroup lifted their target price on AES from $27.00 to $30.00 and gave the company a buy rating in a research report on Wednesday, November 9th. Finally, UBS Group lifted their target price on AES from $28.00 to $33.00 and gave the company a buy rating in a research report on Tuesday, November 29th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AES presently has an average rating of Moderate Buy and a consensus target price of $31.00.

AES Stock Performance

Shares of AES opened at $25.00 on Monday. The business’s fifty day simple moving average is $26.66 and its two-hundred day simple moving average is $26.50. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 5.93. AES has a 12 month low of $18.62 and a 12 month high of $29.89. The company has a market cap of $16.72 billion, a price-to-earnings ratio of -28.74, a P/E/G ratio of 1.70 and a beta of 0.94.

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

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be issued a dividend of $0.1659 per share. The ex-dividend date of this dividend is Friday, April 28th. This represents a $0.66 dividend on an annualized basis and a yield of 2.65%. AES’s dividend payout ratio is presently -75.86%.

Insider Buying and Selling at AES

In other news, CEO Andres Gluski sold 748,625 shares of AES stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $28.43, for a total value of $21,283,408.75. Following the sale, the chief executive officer now directly owns 1,285,504 shares of the company’s stock, valued at $36,546,878.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On AES

Several large investors have recently made changes to their positions in AES. Sugarloaf Wealth Management LLC purchased a new stake in shares of AES in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions Corp. purchased a new stake in AES in the fourth quarter valued at $27,000. Concord Wealth Partners purchased a new stake in shares of AES during the 4th quarter worth about $29,000. Gyon Technologies Capital Management LP purchased a new stake in shares of AES during the 4th quarter worth about $32,000. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of AES during the 4th quarter worth about $34,000. 95.46% of the stock is owned by institutional investors.

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.