The AES Corp. (AES) Hits New 12-Month High at $12.78
The AES Corp. (NYSE:AES) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $12.78 and last traded at $12.74, with a volume of 3,013,346 shares changing hands. The stock had previously closed at $12.23.
A number of research analysts have recently commented on AES shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of The AES Corp. in a research report on Thursday, June 16th. TheStreet upgraded The AES Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 10th. Zacks Investment Research upgraded The AES Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, Barclays PLC restated an “overweight” rating and issued a $14.00 price target on shares of The AES Corp. in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The AES Corp. has a consensus rating of “Buy” and a consensus target price of $13.56.
The firm’s market cap is $8.41 billion. The firm has a 50 day moving average price of $12.28 and a 200-day moving average price of $11.50.
The AES Corp. (NYSE:AES) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The business earned $3.23 billion during the quarter, compared to analysts’ expectations of $3.71 billion. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Equities research analysts expect that The AES Corp. will post $1.00 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Thursday, July 28th.
An institutional investor recently raised its position in The AES Corp. stock. KBC Group NV boosted its stake in The AES Corp. (NYSE:AES) by 186.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,527 shares of the company’s stock after buying an additional 114,346 shares during the period. KBC Group NV’s holdings in The AES Corp. were worth $1,680,000 as of its most recent SEC filing.
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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