The AES Corporation (NYSE:AES) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The AES Corporation (NYSE:AES) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $23.8333.

A number of research firms recently commented on AES. Morgan Stanley lifted 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. Evercore ISI started coverage on AES in a research note on Monday, October 6th. They set an “in-line” rating and a $15.00 target price for the company. Mizuho boosted their target price on AES from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AES in a report on Monday, December 15th. Finally, Barclays increased their price objective on shares of AES from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st.

Hedge Funds Weigh In On AES

Large investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd boosted its stake in AES by 21.8% in the 1st quarter. Orbis Allan Gray Ltd now owns 27,518,952 shares of the utilities provider’s stock valued at $341,785,000 after purchasing an additional 4,930,252 shares during the period. Sound Shore Management Inc CT boosted its position in shares of AES by 32.3% in the second quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock valued at $84,872,000 after acquiring an additional 1,969,741 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of AES by 0.9% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,882,251 shares of the utilities provider’s stock valued at $103,730,000 after acquiring an additional 69,622 shares in the last quarter. Goldman Sachs Group Inc. increased its position in AES by 25.0% during the first quarter. Goldman Sachs Group Inc. now owns 7,115,438 shares of the utilities provider’s stock worth $88,374,000 after acquiring an additional 1,421,899 shares during the period. Finally, SG Americas Securities LLC raised its stake in AES by 58.2% in the 3rd quarter. SG Americas Securities LLC now owns 3,126,053 shares of the utilities provider’s stock worth $41,139,000 after purchasing an additional 1,150,644 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Trading Up 2.3%

NYSE AES opened at $13.84 on Tuesday. The company has a market cap of $9.85 billion, a PE ratio of 8.65, a PEG ratio of 0.56 and a beta of 1.01. AES has a 12 month low of $9.46 and a 12 month high of $15.51. The stock has a 50 day moving average of $14.01 and a 200-day moving average of $13.18. 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 announced its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. AES had a net margin of 9.47% and a return on equity of 18.83%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. AES has set its FY 2025 guidance at 2.100-2.26 EPS. On average, equities research analysts anticipate that AES will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.176 per share. The ex-dividend date is Friday, January 30th. This represents a $0.70 annualized dividend and a yield of 5.1%. AES’s dividend payout ratio (DPR) is 43.75%.

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.