The AES Corporation (NYSE:AES) Receives Consensus Rating of “Moderate Buy” from Brokerages

The AES Corporation (NYSE:AES) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.0833.

Several research firms have issued reports on AES. Morgan Stanley increased their target price on shares of AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group upped their price target on shares of AES from $13.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, February 3rd. Mizuho lifted their price objective on AES from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a research report on Monday, December 29th. Finally, Argus raised AES from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, December 5th.

AES Trading Up 1.1%

NYSE:AES opened at $16.24 on Wednesday. AES has a 1 year low of $9.46 and a 1 year high of $16.35. The stock’s fifty day moving average price is $14.40 and its two-hundred day moving average price is $13.90. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $11.56 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.60 and a beta of 1.00.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, January 30th. AES’s dividend payout ratio (DPR) is currently 43.75%.

Institutional Trading of AES

Several institutional investors and hedge funds have recently made changes to their positions in AES. Bogart Wealth LLC lifted its holdings in shares of AES by 406.5% during the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. Cromwell Holdings LLC raised its position in AES by 232.5% during the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 1,737 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in AES by 50.8% during the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 1,146 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of AES by 448.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 9,836 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 8,042 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan increased its position in shares of AES by 108.0% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 7,280 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 3,780 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.