Shares of AES Corp (NYSE:AES) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $15.00.

Separately, Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, April 16th.

Shares of AES stock traded up $0.06 on Tuesday, reaching $17.75. 5,174,999 shares of the company were exchanged, compared to its average volume of 5,550,479. AES has a 1-year low of $11.66 and a 1-year high of $18.52. The company has a market cap of $11.72 billion, a PE ratio of 14.31, a P/E/G ratio of 1.70 and a beta of 1.09. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.01 and a current ratio of 1.14.

AES (NYSE:AES) last announced its quarterly earnings data on Wednesday, February 27th. The utilities provider reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. AES had a return on equity of 19.43% and a net margin of 11.20%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts predict that AES will post 1.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.1365 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s dividend payout ratio is presently 44.35%.

Institutional investors have recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in AES by 0.7% in the first quarter. DAVENPORT & Co LLC now owns 87,359 shares of the utilities provider’s stock valued at $1,579,000 after purchasing an additional 596 shares in the last quarter. Huntington National Bank boosted its holdings in AES by 14.0% in the fourth quarter. Huntington National Bank now owns 5,133 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 632 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in AES by 22.8% in the fourth quarter. North Star Investment Management Corp. now owns 4,476 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 831 shares in the last quarter. Covington Capital Management boosted its holdings in AES by 55.7% in the fourth quarter. Covington Capital Management now owns 2,335 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 835 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in AES by 2.2% in the fourth quarter. M&T Bank Corp now owns 45,658 shares of the utilities provider’s stock valued at $660,000 after purchasing an additional 995 shares in the last quarter. 93.54% of the stock is owned by institutional investors and hedge funds.

AES Company Profile

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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