AES (AES) Reaches New 12-Month High at $15.20
AES Corp (NYSE:AES) reached a new 52-week high on Tuesday . The stock traded as high as $15.20 and last traded at $15.27, with a volume of 162185 shares trading hands. The stock had previously closed at $14.84.
AES has been the topic of several research reports. Morgan Stanley restated a “hold” rating and set a $14.50 price target (up from $14.00) on shares of AES in a research report on Thursday, October 11th. UBS Group lifted their price target on AES from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, June 20th. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded AES from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Bank of America downgraded AES from a “neutral” rating to an “underperform” rating and set a $12.50 target price on the stock. in a report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.00.
The company has a debt-to-equity ratio of 3.24, a current ratio of 1.32 and a quick ratio of 1.18. The firm has a market capitalization of $9.26 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, October 31st. AES’s dividend payout ratio (DPR) is 48.15%.
A number of institutional investors have recently added to or reduced their stakes in AES. Gideon Capital Advisors Inc. purchased a new stake in AES in the second quarter worth about $142,000. Mount Yale Investment Advisors LLC purchased a new stake in AES in the first quarter worth about $146,000. Wedbush Securities Inc. purchased a new stake in AES in the second quarter worth about $152,000. Highland Capital Management LP purchased a new stake in AES in the first quarter worth about $171,000. Finally, Chemical Bank purchased a new stake in AES in the second quarter worth about $188,000. 96.65% of the stock is currently owned by institutional investors and hedge funds.
AES Company Profile (NYSE:AES)
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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