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

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

AES (NYSE:AES) last released its 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. AES had a return on equity of 38.76% and a net margin of 2.12%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating and set a $25.00 price target on shares of AES in a research report on Monday, March 25th. Barclays decreased their price target on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. UBS Group decreased their price target on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Argus reaffirmed a “buy” rating and set a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of AES in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.29.

AES Trading Up 1.4 %

NYSE:AES opened at $16.14 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 4.42. The business’s 50 day moving average is $16.47 and its two-hundred day moving average is $16.64. AES has a 52 week low of $11.43 and a 52 week high of $24.56. The company has a market cap of $11.47 billion, a PE ratio of 48.91 and a beta of 1.08.

Institutional Trading of AES

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of AES by 15.5% during the third quarter. Envestnet Asset Management Inc. now owns 679,615 shares of the utilities provider’s stock worth $10,330,000 after acquiring an additional 91,247 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of AES by 370.1% during the third quarter. Lazard Asset Management LLC now owns 116,537 shares of the utilities provider’s stock worth $1,770,000 after acquiring an additional 91,749 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in AES by 81.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 351,220 shares of the utilities provider’s stock valued at $5,339,000 after buying an additional 157,421 shares in the last quarter. Quadrature Capital Ltd raised its holdings in AES by 54.8% during the third quarter. Quadrature Capital Ltd now owns 273,365 shares of the utilities provider’s stock valued at $4,157,000 after buying an additional 96,808 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in AES by 16.7% during the third quarter. Channing Capital Management LLC now owns 352,276 shares of the utilities provider’s stock valued at $5,355,000 after buying an additional 50,341 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.1725 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 4.28%. AES’s dividend payout ratio (DPR) is presently 209.10%.

AES Company Profile

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.