The AES Corporation (AES) to Issue Quarterly Dividend of $0.18 on February 13th

The AES Corporation (NYSE:AES) announced a quarterly dividend on Friday, December 5th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.176 per share by the utilities provider on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, January 30th.

AES has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 12 years. AES has a dividend payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Analysts expect AES to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 34.7%.

AES Price Performance

Shares of AES stock traded up $0.02 during trading hours on Wednesday, hitting $14.94. The company had a trading volume of 1,496,207 shares, compared to its average volume of 8,469,475. The firm’s fifty day moving average is $14.07 and its 200 day moving average is $13.76. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.66 and a current ratio of 0.72. AES has a 12 month low of $9.46 and a 12 month high of $15.51. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.55 and a beta of 0.98.

AES (NYSE:AES) last released 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 for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.71 earnings per share. AES has set its FY 2025 guidance at 2.100-2.26 EPS. On average, sell-side analysts predict that AES will post 1.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on AES. Argus raised shares of AES from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, December 5th. Jefferies Financial Group raised shares of AES from an “underperform” rating to a “hold” rating and raised their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, November 18th. Morgan Stanley increased their target price on shares of AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Evercore ISI initiated coverage on shares of AES in a research note on Monday, October 6th. They set an “in-line” rating and a $15.00 price objective for the company. Finally, Barclays upped their price target on shares of AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

AES Company Profile

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.