AES (NYSE:AES) Receives New Coverage from Analysts at Mizuho

Mizuho began coverage on shares of AES (NYSE:AES) in a report published on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $21.00 target price on the utilities provider’s stock.

A number of other research analysts have also commented on AES. Royal Bank of Canada reissued an outperform rating and set a $22.00 price objective on shares of AES in a report on Tuesday, April 9th. UBS Group decreased their target price on AES from $20.00 to $19.00 and set a neutral rating for the company in a research note on Wednesday, April 3rd. Morgan Stanley restated an overweight rating and set a $25.00 target price on shares of AES in a research note on Monday, March 25th. Barclays reduced their price objective on AES from $21.00 to $20.00 and set an overweight rating for the company in a research report on Thursday, March 14th. Finally, Argus reiterated a buy rating and issued a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $22.13.

AES Stock Performance

Shares of AES stock opened at $16.27 on Thursday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. AES has a fifty-two week low of $11.43 and a fifty-two week high of $24.54. The stock’s 50-day moving average is $16.47 and its two-hundred day moving average is $16.64. The firm has a market cap of $11.56 billion, a P/E ratio of 49.30 and a beta of 1.08.

AES (NYSE:AES) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. Analysts predict that AES will post 1.91 earnings per share for the current fiscal year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.1725 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a yield of 4.24%. AES’s dividend payout ratio is 209.10%.

Institutional Investors Weigh In On AES

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions Corp. acquired a new stake in AES during the 4th quarter valued at $27,000. Gyon Technologies Capital Management LP acquired a new stake in shares of AES in the 4th quarter valued at $32,000. Riverview Trust Co acquired a new stake in shares of AES in the 1st quarter valued at $33,000. Resurgent Financial Advisors LLC acquired a new stake in shares of AES in the 4th quarter valued at $34,000. Finally, Glassman Wealth Services increased its holdings in AES by 186.1% in the fourth quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,254 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.