The AES Corporation (AES) Reaches New 52-Week Low at $10.58

The AES Corporation (NYSE:AES) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.58 and last traded at $10.62, with a volume of 5,404,991 shares traded. The stock had previously closed at $10.62.

Several research analysts have recently issued reports on AES shares. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Tuesday, September 5th. ValuEngine raised The AES Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $15.00 price target on shares of The AES Corporation in a research note on Wednesday, September 13th. Morgan Stanley reissued an “equal weight” rating on shares of The AES Corporation in a research note on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $12.00 target price on shares of The AES Corporation in a research note on Monday, September 11th. Two equities research 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.63.

The stock’s market capitalization is $7.02 billion. The firm’s 50-day moving average is $11.16 and its 200 day moving average is $11.30.

The AES Corporation (NYSE:AES) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. Equities analysts forecast that The AES Corporation will post $1.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.52%. The AES Corporation’s dividend payout ratio (DPR) is currently -42.10%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY increased its stake in shares of The AES Corporation by 32.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 706,307 shares of the utilities provider’s stock valued at $7,784,000 after buying an additional 173,332 shares during the period. Northern Capital Management LLC increased its stake in shares of The AES Corporation by 105.5% in the 3rd quarter. Northern Capital Management LLC now owns 191,110 shares of the utilities provider’s stock valued at $2,106,000 after buying an additional 98,110 shares during the period. Aperio Group LLC increased its stake in shares of The AES Corporation by 3.9% in the 3rd quarter. Aperio Group LLC now owns 344,245 shares of the utilities provider’s stock valued at $3,794,000 after buying an additional 12,951 shares during the period. Nationwide Fund Advisors increased its stake in shares of The AES Corporation by 4.2% in the 3rd quarter. Nationwide Fund Advisors now owns 1,200,530 shares of the utilities provider’s stock valued at $13,230,000 after buying an additional 48,256 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in shares of The AES Corporation by 14.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 214,864 shares of the utilities provider’s stock valued at $2,367,000 after buying an additional 26,888 shares during the period. 93.18% of the stock is owned by institutional investors.

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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.

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