The AES Corp. (AES) Trading Up 1.6%
Shares of The AES Corp. (NYSE:AES) were up 1.6% during trading on Wednesday . The stock traded as high as $12.28 and last traded at $12.19, with a volume of 3,718,510 shares changing hands. The stock had previously closed at $12.00.
Several analysts recently commented on AES shares. Barclays PLC reiterated an “overweight” rating and issued a $14.00 target price on shares of The AES Corp. in a report on Thursday, July 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of The AES Corp. in a report on Thursday, June 16th. TheStreet cut The AES Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Finally, Zacks Investment Research cut The AES Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The AES Corp. currently has a consensus rating of “Buy” and a consensus price target of $13.56.
The stock has a 50-day moving average price of $12.35 and a 200-day moving average price of $11.26. The firm’s market cap is $8.09 billion.
The AES Corp. (NYSE:AES) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.71 billion. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities analysts anticipate that The AES Corp. will post $0.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, July 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.58%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Advisors LLC boosted its position in shares of The AES Corp. by 14.2% in the fourth quarter. BlackRock Advisors LLC now owns 13,712,107 shares of the company’s stock worth $131,225,000 after buying an additional 1,699,908 shares in the last quarter. KBC Group NV boosted its position in shares of The AES Corp. by 186.9% in the fourth quarter. KBC Group NV now owns 175,527 shares of the company’s stock worth $1,680,000 after buying an additional 114,346 shares in the last quarter. Finally, Calvert Investment Management Inc. boosted its position in shares of The AES Corp. by 58.9% in the fourth quarter. Calvert Investment Management Inc. now owns 144,900 shares of the company’s stock worth $1,387,000 after buying an additional 53,732 shares in the last quarter.
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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