Zacks Research Issues Optimistic Estimate for AES Earnings

The AES Co. (NYSE:AES) – Zacks Research upped their Q4 2024 earnings estimates for AES in a research report issued on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.34. The consensus estimate for AES’s current full-year earnings is $1.95 per share. Zacks Research also issued estimates for AES’s Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $2.02 EPS.

Several other equities research analysts also recently issued reports on the stock. HSBC initiated coverage on shares of AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Bank of America initiated coverage on shares of AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective on the stock. Susquehanna reduced their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Jefferies Financial Group started coverage on AES in a research report on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Mizuho reduced their target price on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.30.

AES Price Performance

NYSE AES opened at $13.02 on Monday. The stock has a market capitalization of $9.26 billion, a PE ratio of 9.04, a P/E/G ratio of 0.71 and a beta of 1.02. The stock has a 50-day simple moving average of $14.31 and a 200 day simple moving average of $16.70. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. AES has a twelve month low of $12.24 and a twelve month high of $22.21.

AES (NYSE:AES) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.41%. The ex-dividend date is Friday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.17. AES’s payout ratio is 48.61%.

Institutional Investors Weigh In On AES

Hedge funds and other institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in AES by 161.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 107,016 shares of the utilities provider’s stock worth $2,035,000 after acquiring an additional 66,145 shares during the period. Rock Point Advisors LLC grew its holdings in AES by 34.6% during the third quarter. Rock Point Advisors LLC now owns 760,775 shares of the utilities provider’s stock valued at $15,261,000 after purchasing an additional 195,460 shares during the period. M&G PLC increased its stake in AES by 12.7% in the third quarter. M&G PLC now owns 6,511,760 shares of the utilities provider’s stock valued at $130,235,000 after purchasing an additional 732,457 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AES by 28.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 257,368 shares of the utilities provider’s stock worth $5,163,000 after purchasing an additional 56,879 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AES by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,694,239 shares of the utilities provider’s stock valued at $134,286,000 after buying an additional 82,956 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

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.