AES reported annual gross revenue of $12.28 billion and net income of $1.68 billion in its latest fiscal year, reflecting a net margin of 9.47%. The company’s return on equity stands at 18.83%, while return on assets is 3.04%, underscoring efficient capital deployment across its diversified generation portfolio of approximately 34,600 MW and a customer base of 2.6 million. AES’s broad mix of fuels and technologies—from gas and coal to renewables and energy storage—continues to drive stable earnings growth and underpin its long-term cash flow visibility.

AES pays an annual dividend of $0.70 per share, representing a yield of 4.5% and a payout ratio of 43.8% of earnings. The company has increased its dividend for 12 consecutive years, demonstrating commitment to returning capital to shareholders while retaining sufficient earnings coverage to support future distribution growth. This track record positions AES as one of the more reliable income plays within the utilities sector.

Institutional investors hold 93.1% of AES shares, indicating broad support from mutual funds, pension plans and other large money managers. Insider ownership remains low at 0.6%, suggesting minimal insider selling pressure. The high level of institutional backing reflects confidence in AES’s strategic direction, global footprint and ability to capitalize on the energy transition.

AES trades at a price-to-earnings ratio of 9.73, below many of its regulated and independent power peers, implying a relative valuation discount despite robust fundamentals. Analysts have assigned the stock a consensus rating score of 2.55 on a 1–5 scale, with the average projected upside of roughly 55% based on current estimates. This combination of attractive valuation and positive estimate revisions supports a constructive outlook from the brokerage community.