AES (NYSE:AES) Sets New 52-Week Low – Here’s What Happened

Shares of The AES Co. (NYSE:AES) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.88 and last traded at $10.10, with a volume of 2534890 shares. The stock had previously closed at $9.93.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays dropped their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Susquehanna dropped their price target on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Hsbc Global Res raised AES to a “strong-buy” rating in a research note on Friday, December 13th. HSBC assumed coverage on AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price target for the company. Finally, Mizuho dropped their price target on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, AES presently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

AES Price Performance

The firm has a market capitalization of $7.31 billion, a P/E ratio of 7.14, a PEG ratio of 0.84 and a beta of 0.99. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a 50-day moving average of $11.88 and a 200-day moving average of $14.85.

AES Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.176 dividend. The ex-dividend date was Friday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 6.85%. AES’s dividend payout ratio is 48.61%.

Hedge Funds Weigh In On AES

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millburn Ridgefield Corp bought a new position in AES in the 3rd quarter valued at approximately $28,000. SRS Capital Advisors Inc. lifted its holdings in shares of AES by 190.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after buying an additional 1,581 shares during the period. Cromwell Holdings LLC lifted its holdings in shares of AES by 59.1% during the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after buying an additional 640 shares during the period. Optiver Holding B.V. lifted its holdings in shares of AES by 79.5% during the 4th quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after buying an additional 1,201 shares during the period. Finally, WR Wealth Planners LLC lifted its holdings in shares of AES by 93.3% during the 4th quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,369 shares during the period. 93.13% of the stock is owned by institutional investors.

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.