The AES Corporation (NYSE:AES) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The AES Corporation (NYSE:AES) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $24.3636.

Several research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Barclays raised their target price on AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Susquehanna boosted their price target on AES from $16.00 to $17.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a report on Monday. Finally, Evercore ISI started coverage on shares of AES in a research note on Monday, October 6th. They issued an “in-line” rating and a $15.00 price objective for the company.

AES Stock Up 1.6%

AES stock opened at $13.93 on Friday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.57 and a beta of 1.01. AES has a 52-week low of $9.46 and a 52-week high of $15.51. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a 50 day moving average price of $14.10 and a two-hundred day moving average price of $12.85.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share 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 analysts’ expectations of $3.37 billion. AES had a net margin of 9.47% and a return on equity of 18.83%. AES’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. AES has set its FY 2025 guidance at 2.100-2.26 EPS. Equities analysts predict that AES will post 1.93 EPS for the current year.

AES Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a dividend of $0.176 per share. The ex-dividend date was Friday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 5.1%. AES’s dividend payout ratio is currently 43.75%.

Institutional Trading of AES

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd raised its stake 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 buying an additional 4,930,252 shares during the period. Invesco Ltd. increased its holdings in shares of AES by 30.4% during the first quarter. Invesco Ltd. now owns 20,790,956 shares of the utilities provider’s stock valued at $258,224,000 after acquiring an additional 4,842,149 shares in the last quarter. Sound Shore Management Inc CT raised its position in shares of AES by 32.3% during the second quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock worth $84,872,000 after purchasing an additional 1,969,741 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of AES by 0.9% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,882,251 shares of the utilities provider’s stock worth $103,730,000 after purchasing an additional 69,622 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in AES by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,134,771 shares of the utilities provider’s stock valued at $88,614,000 after purchasing an additional 255,512 shares during the period. 93.13% of the stock is owned by 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.