The AES Corporation (NYSE:AES) Receives $23.83 Consensus PT from Brokerages

Shares of The AES Corporation (NYSE:AES) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $23.8333.

AES has been the subject of several recent research reports. Morgan Stanley upped their price target on AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of AES in a research report on Monday, December 22nd. Susquehanna boosted their price objective on AES from $16.00 to $17.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. Evercore ISI began coverage on AES in a research note on Monday, October 6th. They set an “in-line” rating and a $15.00 target price on the stock. Finally, Argus upgraded shares of AES from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Friday, December 5th.

AES Stock Performance

Shares of AES stock opened at $14.12 on Tuesday. AES has a 12 month low of $9.46 and a 12 month high of $15.51. The firm has a market capitalization of $10.05 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.58 and a beta of 1.01. The firm has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $13.28. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 3.15.

AES (NYSE:AES) last posted its earnings results on Tuesday, November 4th. The utilities provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.37 billion. AES had a net margin of 9.47% and a return on equity of 18.83%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. AES has set its FY 2025 guidance at 2.100-2.26 EPS. Analysts forecast that AES will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, January 30th. AES’s dividend payout ratio is 43.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AES. Goldman Sachs Group Inc. grew its position in shares of AES by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 7,115,438 shares of the utilities provider’s stock valued at $88,374,000 after purchasing an additional 1,421,899 shares in the last quarter. Ausbil Investment Management Ltd grew its holdings in AES by 64.4% during the 3rd quarter. Ausbil Investment Management Ltd now owns 303,476 shares of the utilities provider’s stock valued at $3,994,000 after buying an additional 118,911 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of AES by 0.9% in the first quarter. The Manufacturers Life Insurance Company now owns 2,451,243 shares of the utilities provider’s stock worth $30,444,000 after buying an additional 21,760 shares in the last quarter. Studio Investment Management LLC bought a new position in shares of AES in the second quarter valued at approximately $653,000. Finally, Orbis Allan Gray Ltd increased its holdings in AES by 21.8% during the 1st quarter. Orbis Allan Gray Ltd now owns 27,518,952 shares of the utilities provider’s stock worth $341,785,000 after acquiring an additional 4,930,252 shares during the period. Institutional investors own 93.13% of the company’s stock.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.