Shares of The AES Corporation (NYSE:AES) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.00.

A number of brokerages recently commented on AES. BidaskClub raised The AES Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Thursday. ValuEngine raised The AES Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Breton Hill Capital Ltd. increased its position in The AES Corporation by 0.8% in the first quarter. Breton Hill Capital Ltd. now owns 115,295 shares of the utilities provider’s stock worth $1,289,000 after buying an additional 882 shares in the last quarter. IFP Advisors Inc increased its position in The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,489 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in The AES Corporation by 4.8% in the first quarter. Miller Howard Investments Inc. NY now owns 542,160 shares of the utilities provider’s stock worth $6,061,000 after buying an additional 24,590 shares in the last quarter. First Quadrant L P CA increased its position in The AES Corporation by 14.2% in the first quarter. First Quadrant L P CA now owns 2,333,757 shares of the utilities provider’s stock worth $26,091,000 after buying an additional 289,487 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its position in The AES Corporation by 8.6% in the first quarter. Glen Harbor Capital Management LLC now owns 102,918 shares of the utilities provider’s stock worth $1,151,000 after buying an additional 8,160 shares in the last quarter. 93.20% of the stock is currently owned by institutional investors.

The AES Corporation (NYSE:AES) traded down 2.10% during mid-day trading on Wednesday, hitting $11.19. The company had a trading volume of 4,903,669 shares. The company has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.36. The company’s market capitalization is $7.39 billion. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $13.32.

The AES Corporation (NYSE:AES) last issued its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $2.97 billion. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The AES Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 earnings per share. On average, analysts forecast that The AES Corporation will post $1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Tuesday, August 1st. The AES Corporation’s dividend payout ratio is presently -42.10%.

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The AES Corporation 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 Corporation (NYSE:AES)

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