AES (NYSE:AES) Hits New 52-Week High – What’s Next?

The AES Corporation (NYSE:AES) shares hit a new 52-week high on Tuesday . The stock traded as high as $15.75 and last traded at $15.6350, with a volume of 977325 shares changing hands. The stock had previously closed at $14.73.

Analyst Upgrades and Downgrades

Several research analysts have commented on AES shares. Argus raised shares of AES from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, December 5th. Mizuho increased their price objective on AES from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a research report on Monday, December 29th. Evercore ISI initiated coverage on AES in a report on Monday, October 6th. They issued an “in-line” rating and a $15.00 price target on the stock. Finally, Susquehanna lifted their price target on AES from $16.00 to $17.00 and gave the company a “positive” rating in a research report on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, AES has an average rating of “Moderate Buy” and an average price target of $23.83.

AES Price Performance

The firm has a fifty day moving average of $14.16 and a two-hundred day moving average of $13.81. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 3.15. The company has a market capitalization of $11.42 billion, a PE ratio of 10.00, a PEG ratio of 0.55 and a beta of 1.00.

AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. AES had a net margin of 9.47% and a return on equity of 18.83%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. AES has set its FY 2025 guidance at 2.100-2.26 EPS. Research analysts anticipate that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a $0.176 dividend. The ex-dividend date is Friday, January 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.4%. AES’s dividend payout ratio is presently 43.75%.

Hedge Funds Weigh In On AES

A number of hedge funds have recently bought and sold shares of AES. Bogart Wealth LLC lifted its stake in AES by 406.5% during the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 1,500 shares during the period. Cromwell Holdings LLC raised its holdings in shares of AES by 232.5% during the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 1,737 shares during the last quarter. TD Private Client Wealth LLC lifted its position in AES by 50.8% during the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,146 shares during the period. First Horizon Advisors Inc. boosted its holdings in AES by 448.3% in the second quarter. First Horizon Advisors Inc. now owns 9,836 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 8,042 shares during the last quarter. Finally, Seven Mile Advisory bought a new stake in AES in the 3rd quarter worth approximately $140,000. Institutional investors own 93.13% of the company’s stock.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.