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

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

A number of other brokerages have also recently commented on AES. Argus reaffirmed a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Barclays dropped their price target on shares of AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Morgan Stanley reiterated an “overweight” rating and issued a $25.00 price objective on shares of AES in a report on Monday, March 25th. Finally, UBS Group cut their target price on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.29.

AES Trading Down 1.6 %

NYSE AES opened at $15.90 on Tuesday. The company has a market capitalization of $11.30 billion, a PE ratio of 48.18 and a beta of 1.08. The company has a fifty day moving average of $16.47 and a 200 day moving average of $16.64. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. AES has a 1 year low of $11.43 and a 1 year high of $24.59.

AES (NYSE:AES) last released its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The firm 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%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Coppell Advisory Solutions Corp. acquired a new position in shares of AES during the fourth quarter worth about $27,000. Gyon Technologies Capital Management LP purchased a new stake in shares of AES during the 4th quarter worth $32,000. Resurgent Financial Advisors LLC purchased a new position in AES in the fourth quarter valued at $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in AES by 5,681.8% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,250 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in shares of AES by 3,172.5% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,309 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 1,269 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.34%. AES’s dividend payout ratio (DPR) is presently 209.10%.

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.