Seaport Res Ptn Weighs in on The AES Co.’s FY2028 Earnings (NYSE:AES)

The AES Co. (NYSE:AES) – Analysts at Seaport Res Ptn issued their FY2028 earnings estimates for shares of AES in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will earn $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 posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. AES had a net margin of 2.12% and a return on equity of 38.76%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the business posted $0.49 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis.

Several other research firms have also recently weighed in on AES. Morgan Stanley reissued an “overweight” rating and issued a $25.00 price target on shares of AES in a report on Monday, March 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of AES in a report on Tuesday, April 9th. Argus reaffirmed a “buy” rating and set a $25.00 target price on shares of AES in a report on Tuesday, March 26th. Barclays reduced their price target on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Finally, UBS Group reduced their price target on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.29.

AES Trading Down 1.6 %

AES stock opened at $15.90 on Tuesday. AES has a one year low of $11.43 and a one year high of $24.59. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 48.18 and a beta of 1.08. The firm has a 50-day moving average of $16.47 and a 200-day moving average of $16.64. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.1725 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.34%. AES’s dividend payout ratio (DPR) is presently 209.10%.

Hedge Funds Weigh In On AES

A number of hedge funds have recently modified their holdings of AES. Coppell Advisory Solutions Corp. bought a new position in AES during the fourth quarter worth $27,000. Gyon Technologies Capital Management LP bought a new position in AES during the fourth quarter worth $32,000. Resurgent Financial Advisors LLC bought a new position in AES during the fourth quarter worth $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in AES by 5,681.8% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,250 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC raised its stake in AES by 3,172.5% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,309 shares of the utilities provider’s stock worth $38,000 after buying an additional 1,269 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

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.