Seaport Res Ptn Lowers AES (NYSE:AES) to Hold

Seaport Res Ptn cut shares of AES (NYSE:AES) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports. Seaport Res Ptn also issued estimates for AES’s FY2026 earnings at $2.15 EPS, FY2027 earnings at $2.43 EPS and FY2028 earnings at $2.78 EPS.

AES has been the subject of several other research reports. Argus reissued a buy rating and issued a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Royal Bank of Canada reissued an outperform rating and issued a $22.00 price target on shares of AES in a research note on Tuesday, April 9th. Mizuho increased their price target on shares of AES from $21.00 to $24.00 and gave the company a buy rating in a research note on Friday, May 17th. Barclays decreased their price objective on shares of AES from $21.00 to $20.00 and set an overweight rating on the stock in a report on Thursday, March 14th. Finally, UBS Group decreased their price objective on shares of AES from $20.00 to $19.00 and set a neutral rating on the stock in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $22.50.

AES Stock Down 1.1 %

AES stock opened at $21.04 on Tuesday. The stock has a market capitalization of $14.95 billion, a P/E ratio of 29.22 and a beta of 1.08. The firm has a 50-day simple moving average of $17.80 and a 200-day simple moving average of $17.48. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 4.04. AES has a 52 week low of $11.43 and a 52 week high of $22.60.

AES (NYSE:AES) last announced its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.16. AES had a net margin of 4.40% and a return on equity of 36.23%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company earned $0.22 EPS. AES’s revenue was down 4.8% compared to the same quarter last year. Equities analysts forecast that AES will post 1.91 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.1725 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a yield of 3.28%. AES’s dividend payout ratio (DPR) is presently 95.83%.

Institutional Investors Weigh In On AES

A number of hedge funds have recently added to or reduced their stakes in AES. Heartland Bank & Trust Co purchased a new stake in shares of AES in the 1st quarter valued at approximately $212,000. Zimmer Partners LP increased its position in shares of AES by 482.8% in the 1st quarter. Zimmer Partners LP now owns 1,865,000 shares of the utilities provider’s stock valued at $33,439,000 after purchasing an additional 1,545,000 shares during the last quarter. Tidal Investments LLC increased its position in shares of AES by 10.0% in the 1st quarter. Tidal Investments LLC now owns 73,420 shares of the utilities provider’s stock valued at $1,316,000 after purchasing an additional 6,684 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its position in shares of AES by 5.0% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 42,200 shares of the utilities provider’s stock valued at $757,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Levin Capital Strategies L.P. grew its position in shares of AES by 17.5% in the 1st quarter. Levin Capital Strategies L.P. now owns 454,430 shares of the utilities provider’s stock valued at $8,148,000 after buying an additional 67,704 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

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.