The AES Co. (NYSE:AES) Forecasted to Post FY2028 Earnings of $2.65 Per Share

The AES Co. (NYSE:AES - Free Report) - Research analysts at Seaport Res Ptn issued their FY2028 earnings per share estimates for AES in a research report issued on Monday, April 15th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings of $2.65 per share for the year. The consensus estimate for AES's current full-year earnings is $1.91 per share.

Other equities research analysts have also recently issued reports about the company. UBS Group reduced their price objective on AES from $20.00 to $19.00 and set a "neutral" rating on the stock 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 report on Monday, March 25th. Barclays dropped their target price on AES from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, March 14th. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of AES in a research report on Tuesday, April 9th. Finally, Argus reiterated a "buy" rating and issued a $25.00 price target on shares of AES in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $22.29.

AES Trading Down 1.6 %

NYSE AES traded down $0.26 during trading hours on Tuesday, hitting $15.90. 12,295,215 shares of the company were exchanged, compared to its average volume of 8,495,012. The stock has a 50-day moving average price of $16.47 and a 200 day moving average price of $16.64. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 4.42. AES has a 52 week low of $11.43 and a 52 week high of $24.59. The stock has a market cap of $11.30 billion, a PE ratio of 48.18 and a beta of 1.08.

AES (NYSE:AES - Get Free Report) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share (EPS) 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 firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.36 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business's revenue was down 3.0% compared to the same quarter last year.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, April 30th. AES's payout ratio is presently 209.10%.

Hedge Funds Weigh In On AES

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of AES by 15.5% during the third quarter. Envestnet Asset Management Inc. now owns 679,615 shares of the utilities provider's stock worth $10,330,000 after purchasing an additional 91,247 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of AES by 370.1% in the 3rd quarter. Lazard Asset Management LLC now owns 116,537 shares of the utilities provider's stock valued at $1,770,000 after acquiring an additional 91,749 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of AES by 81.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 351,220 shares of the utilities provider's stock valued at $5,339,000 after acquiring an additional 157,421 shares during the period. Quadrature Capital Ltd increased its position in shares of AES by 54.8% in the 3rd quarter. Quadrature Capital Ltd now owns 273,365 shares of the utilities provider's stock valued at $4,157,000 after acquiring an additional 96,808 shares during the period. Finally, Channing Capital Management LLC increased its position in shares of AES by 16.7% in the 3rd quarter. Channing Capital Management LLC now owns 352,276 shares of the utilities provider's stock valued at $5,355,000 after acquiring an additional 50,341 shares during the period. 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.