AES (NYSE:AES) Announces Quarterly Earnings Results

AES (NYSE:AES) announced its quarterly earnings results on Tuesday. The utilities provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06, Zacks reports. AES had a return on equity of 19.02% and a net margin of 8.42%. AES updated its FY 2025 guidance to 2.100-2.26 EPS.

AES Stock Down 1.5%

Shares of AES stock traded down $0.21 during mid-day trading on Tuesday, hitting $13.42. The company’s stock had a trading volume of 10,613,923 shares, compared to its average volume of 14,268,303. AES has a 52-week low of $9.46 and a 52-week high of $15.52. The business has a 50-day moving average price of $13.72 and a 200 day moving average price of $12.36. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.74 and a current ratio of 0.82. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.59 and a beta of 0.93.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $0.176 dividend. The ex-dividend date is Friday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 5.2%. AES’s payout ratio is currently 49.30%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. United Services Automobile Association purchased a new position in shares of AES during the first quarter valued at approximately $190,000. Jones Financial Companies Lllp raised its stake in AES by 259.7% during the 1st quarter. Jones Financial Companies Lllp now owns 54,407 shares of the utilities provider’s stock valued at $675,000 after buying an additional 39,283 shares during the last quarter. Woodline Partners LP increased its position in AES by 40.7% during the first quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider’s stock valued at $746,000 after acquiring an additional 17,372 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AES by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider’s stock valued at $854,000 after acquiring an additional 3,936 shares during the last quarter. Finally, Empowered Funds LLC increased its position in AES by 763.3% during the first quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock valued at $1,824,000 after acquiring an additional 129,841 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AES has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price objective on shares of AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded AES from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Evercore ISI assumed coverage on AES in a research note on Monday, October 6th. They issued an “in-line” rating and a $15.00 target price for the company. Finally, Susquehanna raised their price objective on AES from $16.00 to $17.00 and gave the company a “positive” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, AES currently has a consensus rating of “Hold” and a consensus target price of $23.91.

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.