AES Reports Strong 1Q and Moving Forward With Alto Maipo
We are reaffirming our $12 fair value estimate for AES after the company reported strong 2018 first-quarter adjusted earnings per share, reaffirmed earnings guidance, and provided an update on development projects. Adjusted EPS in the recently ended quarter was $0.28 compared with $0.17 in the same period last year.It was nice to see that all of the company’s strategic business units (AES reorganized its five SBUs into four) contributed higher pretax contribution, or PTC, versus last year. How...
AES is a holding company. Through its subsidiaries, the company operates a portfolio of electricity generation and distribution businesses. The first business line is generation, where the company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The second business line is utilities, where the company owns and/or operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. In certain circumstances, the company's utilities also generates and sells electricity on the wholesale market.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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