Brokerages Set The AES Corporation (NYSE:AES) PT at $23.83

The AES Corporation (NYSE:AES) has received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $23.8333.

AES has been the topic of several research analyst reports. Susquehanna boosted their target price on shares of AES from $16.00 to $17.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. Jefferies Financial Group raised shares of AES from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, November 18th. Barclays increased their price target on shares of AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Argus upgraded shares of AES from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Friday, December 5th. Finally, Evercore ISI assumed coverage on shares of AES in a research report on Monday, October 6th. They issued an “in-line” rating and a $15.00 price objective for the company.

AES Price Performance

AES stock opened at $14.19 on Friday. The business has a 50 day simple moving average of $14.01 and a 200-day simple moving average of $13.66. AES has a twelve month low of $9.46 and a twelve month high of $15.51. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 3.15. The company has a market capitalization of $10.10 billion, a P/E ratio of 8.87, a PEG ratio of 0.54 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. AES had a return on equity of 18.83% and a net margin of 9.47%.The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the company posted $0.71 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. AES has set its FY 2025 guidance at 2.100-2.26 EPS. As a group, equities analysts anticipate that AES will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, January 30th. AES’s dividend payout ratio (DPR) is currently 43.75%.

Hedge Funds Weigh In On AES

Hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its stake in AES by 50.8% during the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 1,146 shares during the period. Bogart Wealth LLC grew its position in AES by 406.5% in the third quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after buying an additional 1,500 shares during the last quarter. Amalgamated Bank boosted its position in shares of AES by 1.2% in the 2nd quarter. Amalgamated Bank now owns 137,543 shares of the utilities provider’s stock valued at $1,447,000 after purchasing an additional 1,601 shares during the period. Cromwell Holdings LLC raised its holdings in shares of AES by 232.5% during the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 1,737 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of AES by 24.8% during the second quarter. GAMMA Investing LLC now owns 9,095 shares of the utilities provider’s stock valued at $96,000 after buying an additional 1,805 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

About AES

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.