Zacks Research Comments on AES’s Q4 Earnings (NYSE:AES)

The AES Co. (NYSE:AES) – Analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for shares of AES in a research note issued to investors on Thursday, December 19th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $0.35 per share for the quarter, up from their prior estimate 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.

Other analysts have also issued reports about the stock. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. Jefferies Financial Group began coverage on AES in a research report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Mizuho lowered their price objective on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Barclays dropped their price objective on AES from $23.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Finally, Bank of America started coverage on shares of AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.30.

AES Price Performance

AES stock opened at $13.00 on Monday. The firm has a market cap of $9.24 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.71 and a beta of 1.01. The firm’s fifty day moving average is $14.49 and its 200 day moving average is $16.83. AES has a 52 week low of $12.24 and a 52 week high of $22.21. 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 (NYSE:AES) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. AES’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Institutional Trading of AES

Several institutional investors and hedge funds have recently bought and sold shares of AES. Rothschild Investment LLC bought a new position in shares of AES in the 2nd quarter worth approximately $28,000. Millburn Ridgefield Corp bought a new position in AES in the third quarter worth $28,000. UMB Bank n.a. lifted its position in AES by 102.3% during the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after buying an additional 898 shares during the period. nVerses Capital LLC purchased a new stake in shares of AES in the 2nd quarter worth about $33,000. Finally, Cromwell Holdings LLC increased its stake in shares of AES by 59.1% in the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 640 shares in the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Increases Dividend

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

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.