AES (NYSE:AES) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

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

AES Price Performance

AES stock traded down $0.21 on Tuesday, hitting $13.42. 10,607,309 shares of the company’s stock traded hands, compared to its average volume of 14,257,276. AES has a 1-year low of $9.46 and a 1-year high of $15.52. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.59 and a beta of 0.93. The stock has a fifty day moving average of $13.72 and a 200-day moving average of $12.36. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 3.46.

AES Announces Dividend

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

Hedge Funds Weigh In On AES

Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its stake in AES by 247.6% during the second quarter. Lazard Asset Management LLC now owns 968,333 shares of the utilities provider’s stock valued at $10,185,000 after buying an additional 689,741 shares in the last quarter. Gould Capital LLC grew its position in AES by 3.2% during the 2nd quarter. Gould Capital LLC now owns 253,531 shares of the utilities provider’s stock worth $2,667,000 after purchasing an additional 7,766 shares in the last quarter. Empowered Funds LLC grew its position in AES by 763.3% during the 1st quarter. Empowered Funds LLC now owns 146,851 shares of the utilities provider’s stock worth $1,824,000 after purchasing an additional 129,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AES by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,745 shares of the utilities provider’s stock worth $854,000 after purchasing an additional 3,936 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in AES by 40.7% in the 1st quarter. Woodline Partners LP now owns 60,072 shares of the utilities provider’s stock worth $746,000 after acquiring an additional 17,372 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AES has been the topic of a number of recent analyst reports. Evercore ISI assumed coverage on shares of AES in a report on Monday, October 6th. They issued an “in-line” rating and a $15.00 price objective on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of AES in a research note on Wednesday, October 8th. Susquehanna upped their price target on shares of AES from $16.00 to $17.00 and gave the company a “positive” rating in a report on Monday, October 13th. Morgan Stanley lifted their price target on AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Barclays lifted their price target on AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, AES has an average rating of “Hold” and a consensus target price of $23.91.

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.