FY2027 EPS Estimates for The AES Co. (NYSE:AES) Increased by Analyst

The AES Co. (NYSE:AESFree Report) – Analysts at Seaport Res Ptn raised their FY2027 earnings per share estimates for AES in a research report issued on Monday, March 18th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $2.31 per share for the year, up from their prior forecast of $2.22. The consensus estimate for AES’s current full-year earnings is $1.90 per share.

Several other brokerages have also weighed in on AES. Barclays cut their target price on AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Morgan Stanley boosted their price target on shares of AES from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, AES currently has an average rating of “Hold” and a consensus price target of $21.00.

Read Our Latest Research Report on AES

AES Price Performance

AES stock opened at $14.88 on Tuesday. The company has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $16.59. The stock has a market cap of $10.57 billion, a P/E 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 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:AESGet Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.36 billion. AES had a net margin of 2.12% and a return on equity of 38.76%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS.

Hedge Funds Weigh In On AES

A number of institutional investors and hedge funds have recently made changes to their positions in AES. Cambridge Investment Research Advisors Inc. increased its position in shares of AES by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 51,262 shares of the utilities provider’s stock valued at $1,319,000 after buying an additional 5,594 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 worth $2,358,000 after purchasing an additional 7,975 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in 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 buying an additional 3,755 shares during the last quarter. Yousif Capital Management LLC increased its position in AES by 2.1% during the first quarter. Yousif Capital Management LLC now owns 110,543 shares of the utilities provider’s stock worth $2,844,000 after buying an additional 2,285 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in shares of AES by 24.2% in the first quarter. Cibc World Market Inc. now owns 22,300 shares of the utilities provider’s stock worth $574,000 after acquiring an additional 4,351 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.1725 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.64%. AES’s dividend payout ratio (DPR) is presently 209.10%.

AES Company Profile

(Get Free Report)

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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Earnings History and Estimates for AES (NYSE:AES)

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