AES (NYSE: AES) is one of the 14 Best Utility Dividend Stocks to Buy Now.
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AES Corporation (NYSE: AES), together with its subsidiaries, operates as a power generation and utility company in the United States and internationally.
AES Corporation (NYSE: AES) received a boost on November 18 when Jefferies analyst Julien Dumoulin-Smith upgraded the stock from “underperform” to “hold,” while raising his price target from $12 to $13, according to a report from The Fly. While the analyst doesn’t expect AES to become a high-growth company, he acknowledged its progress in the data center space, as its management highlighted during the third-quarter earnings call. Additionally, while recent reports indicate that BlackRock’s Global Infrastructure Partners is set to acquire AES in the coming days, Jeffries continues to see “significant obstacles” to a potential deal.
Earlier this month, Mizuho also raised its price target on The AES Corporation (NYSE: AES) from $15 to $16, while maintaining an “outperform” rating on its shares.
It’s worth mentioning that The AES Corporation (NYSE: AES) reported mixed results for its third quarter on November 4, with adjusted EPS of $0.75, just below expectations of $0.02. However, the company’s FY2025 adjusted EPS outlook of $2.10 to $2.26 remains unchanged, while reaffirming its long-term annualized growth rate target of 7% to 9% through 2027, based on 2023 guidance.
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