Diverse Outlook
The AES Co. (NYSE:AES – Free Report) – Investment analysts at Seaport Res Ptn increased their FY2027 earnings per share (EPS) estimates for AES in a note issued to investors on Monday, March 18th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $2.31 for the year, up from their prior estimate of $2.22. The consensus estimate for AES’s current full-year earnings is $1.90 per share.
Other equities research analysts also recently issued research reports about the company. Barclays decreased their price objective on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Morgan Stanley upped their price target on AES from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.00.
Get Our Latest Stock Report on AES
AES Trading Up 4.0 %
AES stock traded up $0.59 during mid-day trading on Tuesday, reaching $15.47. The company’s stock had a trading volume of 2,620,113 shares, compared to its average volume of 7,598,586. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 0.90 and a beta of 1.07. AES has a 12 month low of $11.43 and a 12 month high of $25.74. The business’s 50 day moving average price is $16.56 and its 200 day moving average price is $16.59. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42.
AES (NYSE:AES – Get Free Report) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.36 billion. AES had a return on equity of 38.76% and a net margin of 2.12%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share.
AES Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s dividend payout ratio (DPR) is currently 209.10%.
Institutional Investors Weigh In On AES
Several large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in AES by 12.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,262 shares of the utilities provider’s stock worth $1,319,000 after purchasing an additional 5,594 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of AES by 9.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,659 shares of the utilities provider’s stock valued at $2,358,000 after acquiring an additional 7,975 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of AES by 1.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 309,233 shares of the utilities provider’s stock valued at $8,291,000 after acquiring an additional 3,755 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of AES by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 110,543 shares of the utilities provider’s stock valued at $2,844,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Cibc World Market Inc. boosted its position in shares of AES by 24.2% during the 1st quarter. Cibc World Market Inc. now owns 22,300 shares of the utilities provider’s stock valued at $574,000 after acquiring an additional 4,351 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.
About AES
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.
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