AES (NYSE:AES) Reaches New 12-Month High at $19.07
AES Corp (NYSE:AES)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.07 and last traded at $18.89, with a volume of 21901 shares. The stock had previously closed at $18.92.
Several equities analysts have recently weighed in on AES shares. ValuEngine upgraded AES from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. TheStreet raised AES from a “c+” rating to a “b” rating in a research report on Wednesday, November 6th. Evercore ISI set a $19.00 price target on AES and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley raised their price target on AES from $17.50 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. AES has a consensus rating of “Buy” and a consensus price target of $17.64.
The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.66 and a beta of 1.09. The stock’s fifty day moving average is $17.63 and its two-hundred day moving average is $16.58. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 3.32.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.55 annualized dividend and a dividend yield of 2.90%. AES’s dividend payout ratio is presently 44.35%.
Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its position in AES by 204.0% during the second quarter. SG Americas Securities LLC now owns 373,219 shares of the utilities provider’s stock worth $6,255,000 after buying an additional 250,431 shares during the last quarter. Bank of New York Mellon Corp boosted its position in AES by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 9,931,902 shares of the utilities provider’s stock worth $166,458,000 after purchasing an additional 691,328 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of AES during the 2nd quarter worth about $725,000. Teacher Retirement System of Texas lifted its position in AES by 2.8% during the second quarter. Teacher Retirement System of Texas now owns 1,002,366 shares of the utilities provider’s stock worth $16,800,000 after acquiring an additional 27,040 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AES by 1.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 929,338 shares of the utilities provider’s stock worth $15,576,000 after purchasing an additional 17,768 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.
About AES (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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