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

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

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

AES Price Performance

AES stock opened at $16.14 on Tuesday. AES has a one year low of $11.43 and a one year high of $24.56. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.61 and a current ratio of 0.68. The business has a fifty day moving average of $16.47 and a two-hundred day moving average of $16.64. The company has a market cap of $11.47 billion, a P/E ratio of 48.91 and a beta of 1.08.

AES (NYSE:AES) last released its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the company earned $0.49 earnings per share. AES’s quarterly revenue was down 3.0% compared to the same quarter last year.

AES Announces Dividend

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

Hedge Funds Weigh In On AES

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. purchased a new stake in AES during the 4th quarter worth approximately $27,000. Gyon Technologies Capital Management LP purchased a new stake in AES during the 4th quarter worth approximately $32,000. Resurgent Financial Advisors LLC purchased a new stake in AES during the 4th quarter worth approximately $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in AES by 5,681.8% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC increased its holdings in 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 purchasing an additional 1,269 shares during the last quarter. 93.13% of the stock is 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.