Brokers Issue Forecasts for The AES Co.’s FY2028 Earnings (NYSE:AES)

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

Several other research analysts also recently commented on 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 report on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of AES in a report on Tuesday, April 9th. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 price target on shares of AES in a report on Monday, March 25th. Argus reiterated a “buy” rating and issued a $25.00 price target on shares of AES in a report on Tuesday, March 26th. Finally, Barclays cut their price target on AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.29.

AES Trading Down 4.1 %

AES opened at $16.16 on Tuesday. The stock’s fifty day moving average is $16.49 and its two-hundred day moving average is $16.64. The company has a market capitalization of $11.49 billion, a P/E ratio of 48.97 and a beta of 1.08. AES has a 52 week low of $11.43 and a 52 week high of $24.59. 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 (NYSE:AES) last released its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The company had revenue of $2.97 billion for 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%. AES’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS.

AES Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.1725 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 annualized dividend and a yield of 4.27%. AES’s dividend payout ratio (DPR) is 209.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AES. Viking Fund Management LLC lifted its position in AES by 1.7% during the 1st quarter. Viking Fund Management LLC now owns 178,000 shares of the utilities provider’s stock worth $3,192,000 after acquiring an additional 3,000 shares during the period. Wallace Advisory Group LLC lifted its position in AES by 17.0% during the 1st quarter. Wallace Advisory Group LLC now owns 20,097 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 2,915 shares during the period. Riverview Trust Co acquired a new stake in AES during the 1st quarter worth about $33,000. Miller Howard Investments Inc. NY lifted its position in AES by 6.9% during the 1st quarter. Miller Howard Investments Inc. NY now owns 186,703 shares of the utilities provider’s stock worth $3,348,000 after acquiring an additional 12,003 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in shares of AES by 7.2% in the 1st quarter. AdvisorNet Financial Inc now owns 42,036 shares of the utilities provider’s stock valued at $754,000 after buying an additional 2,809 shares during the period. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

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.