AES Corp
AES Corp (AES) is listed on NYSE and classified in Utilities - Diversified, part of the Utilities sector. It is headquartered in Arlington, United States and has 8,336 employees. The company is worth $10.68B and trades at 5.6x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $12.23B in fiscal 2025, down 0.4% from the year before. Net income was $910M. The share price is 15.2% below its 52-week high of $17.65. It pays a dividend yielding 4.68%, and has raised its annual dividend for 12 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $312.32M. In that quarter, 4 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -36.1% over 5Y.
today you would have $727.98▼ -27.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $14.34 | $12.87 | $19.25 | $28.76 | $24.30 | $23.50 | $19.90 | $14.46 | $10.83 | $11.62 | $9.57 | $13.77 | $14.51 | $10.70 | $11.84 | $12.18 | $13.31 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 4.7% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 13.6 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ELPCEnergy Co of Parana | $13.97 | 17.2x | 9.4x | 1.36% | 12.76% | $10.37B |
| OGEOGE Energy Corp | $48.92 | 21.4x | 2.0x | 3.52% | 9.70% | $10.11B |
| ENLTEnlight Renewable Energy Ltd. | $69.68 | 114.2x | 4.5x | 0.00% | 5.98% | $9.75B |
| CIG.CEnergy Co of Minas Gerais | $3.39 |
| $8.24 |
| $21.39 |
| P/E | 13.6x | 11.4x | 5.5x | 55.0x | — | — | 335.7x | 44.2x | 8.0x | — | — | 21.7x | 13.0x | 96.7x | — | 169.1x | 1218.0x | 13.6x | 4.5x | — |
| P/S | 0.7x | 0.8x | 0.7x | 1.1x | 1.5x | 1.5x | 1.6x | 1.3x | 0.9x | 0.7x | 0.7x | 0.6x | 0.6x | 0.7x | 0.5x | 0.6x | 0.6x | 0.7x | — | — |
| P/B | 2.5x | 2.5x | 2.5x | 5.5x | 7.9x | 5.8x | 5.9x | 4.4x | 3.0x | 2.9x | 2.7x | 2.0x | 2.3x | 2.4x | 1.7x | 1.5x | 1.5x | 1.9x | 1.5x | — |
| EPS | $1.26 | $2.36 | $0.35 | -$0.82 | -$0.61 | $0.07 | $0.45 | $1.81 | -$1.76 | -$1.72 | $0.44 | $1.06 | $0.15 | -$1.21 | $0.07 | $0.01 | $0.98 | $1.82 | -$0.14 |
| Dividend yield | 3.10% | 4.91% | 5.38% | 3.45% | 2.20% | 2.49% | 2.43% | 2.75% | 3.60% | 4.43% | 3.79% | 4.18% | 1.45% | 1.10% | 0.37% | — | — | — | — | — |
| Payout | 90.91% | 55.87% | 29.32% | 189.71% | — | — | 817.14% | 121.78% | 28.73% | — | — | 90.91% | 18.87% | 106.67% | — | — | — | — | — | — |
| Profit margin | 0.72% | 7.44% | 13.67% | 1.97% | -4.33% | -3.67% | 0.48% | 2.97% | 11.21% | -11.03% | -10.99% | 2.72% | 4.77% | 0.72% | -5.31% | 0.36% | 0.06% | 5.02% | — | — |
| ROE | 6.18% | 22.40% | 46.08% | 10.01% | -22.40% | -14.62% | 1.75% | 10.11% | 37.50% | -47.10% | -40.44% | 9.72% | 18.00% | 2.63% | -19.96% | 0.98% | 0.14% | 14.07% | 33.63% | — |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 7.3% a year against a 8.8% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+227.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 10.9x |
| 1.7x |
| 4.42% |
| 15.94% |
| $9.7B |
| WTRGEssential Utilities, Inc. | $43.30 | 20.8x | 1.8x | 3.33% | 8.08% | $12.28B |
| PNWPinnacle West Capital Corp | $106.61 | 19.9x | 1.8x | 3.41% | 9.37% | $12.92B |