The AES Corporation (AES) Receives $13.00 Consensus Target Price from Analysts

The AES Corporation (NYSE:AES) has received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.00.

A number of research firms recently issued reports on AES. ValuEngine upgraded shares of The AES from a “hold” rating to a “buy” rating in a report on Friday. BidaskClub upgraded shares of The AES from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of The AES from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Thursday, August 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $12.00 target price on shares of The AES in a research report on Monday, September 11th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of The AES in a research report on Friday, September 8th.

In other The AES news, insider Andres Gluski bought 24,632 shares of the business’s stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $10.17 per share, for a total transaction of $250,507.44. Following the completion of the transaction, the insider now directly owns 868,396 shares of the company’s stock, valued at $8,831,587.32. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Santos Bernerd Da bought 4,700 shares of the business’s stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $10.60 per share, with a total value of $49,820.00. Following the transaction, the chief operating officer now directly owns 96,186 shares of the company’s stock, valued at $1,019,571.60. The disclosure for this purchase can be found here. Insiders have acquired 38,832 shares of company stock valued at $401,407 in the last quarter. Company insiders own 1.09% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its position in shares of The AES by 7.9% in the third quarter. Public Employees Retirement System of Ohio now owns 312,162 shares of the utilities provider’s stock valued at $3,440,000 after acquiring an additional 22,799 shares during the period. Cypress Capital Group bought a new position in shares of The AES in the third quarter valued at approximately $138,000. Sterling Capital Management LLC boosted its position in shares of The AES by 171.0% in the third quarter. Sterling Capital Management LLC now owns 82,609 shares of the utilities provider’s stock valued at $910,000 after acquiring an additional 52,127 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of The AES in the third quarter valued at approximately $668,000. Finally, Capital International Investors boosted its position in shares of The AES by 2.4% in the third quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock valued at $265,860,000 after acquiring an additional 567,371 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

The AES (AES) traded up $0.10 during midday trading on Friday, reaching $10.77. 5,055,143 shares of the company were exchanged, compared to its average volume of 5,324,792. The AES has a 1-year low of $10.00 and a 1-year high of $12.47. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.99 and a quick ratio of 0.89. The stock has a market capitalization of $7,046.33, a P/E ratio of 10.56, a PEG ratio of 1.28 and a beta of 1.21.

The AES (NYSE:AES) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The AES had a positive return on equity of 15.14% and a negative net margin of 5.43%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the business posted $0.32 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. research analysts predict that The AES will post 1.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.46%. The AES’s dividend payout ratio is presently -41.03%.

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The AES 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.

Analyst Recommendations for The AES (NYSE:AES)

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