NYSE: AES
The AES Corporation
Utilities · Diversified Utilities
Pre-market: $14.66(-0.14%) · as of 8:22 AM ET
Market Cap
$10.47B
52w High
$17.65
52w Low
$12.33
P/E
7.84
Volume
8.02M
Outstanding Shares
713.16M
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 11.63% over the last year. Revenue grew 3.04% over the trailing twelve months. Operating margin moved from 15.22% to 16.47%. Free cash flow grew 57.6% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 16.47%. A decisive move in revenue — currently up 3.04% — would be the clearest signal to resolve the ambiguity.
Company profile
The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution.
Valuation
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 100 shares became 103
Every 2 shares became 3
Profitability & growth
Analyst consensus
9
Buy
12
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 3, 2026
Q3 FY26 · EPS est $0.45 · Revenue est $3.11B
View
Dividends
$0.70/shareQuarterlyDividend Achiever · 14yrAt RiskAES pays a dividend with a 4.79% dividend yield, 14 consecutive years of growth, growing at 3.42% annually, covered -3.2× by free cash flow.
Dividend Yield
4.79%
Annual Div / Share
$0.70
5yr CAGR
+3.42%
Doubles every ~20.6yr
Payout Ratio
37.44%
At Risk
Dividend Growth Rate
3yr CAGR
+2.39%
5yr CAGR
+3.42%
10yr CAGR
+5.05%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$4/mo
In 5 yrs
$5/mo
In 10 yrs
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$48/yr $4/mo | $57/yr+18% $5/mo | $67/yr+40% $6/mo |
Yield-on-cost grows from 4.79% → 6.71% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
AES has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -3.24× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.