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AES Corp. (AES) Stock Could Soon Reward Patient Investors

MQ Stock

AES Corp. (NYSE: AES) is -7.43% lower on its value in year-to-date trading and has touched a low of $11.43 and a high of $25.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AES stock was last observed hovering at around $18.07 in the last trading session, with the day’s loss setting it -0.25%.

Currently trading at $17.82, the stock is 10.25% and 9.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.59 million and changing -1.38% at the moment leaves the stock 1.48% off its SMA200. AES registered -24.40% loss for a year compared to 6-month gain of 17.24%. The firm has a 50-day simple moving average (SMA 50) of $3.04 and a 200-day simple moving average (SMA200) of $15.12.

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The stock witnessed a 15.19% loss in the last 1 month and extending the period to 3 months gives it a -7.43%, and is 8.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 3.48% over the month.

AES Corp. (AES) has around 9600 employees, a market worth around $12.66B and $12.68B in sales. Current P/E ratio is 54.41 and Fwd P/E is 8.53. Profit margin for the company is 1.91%. Distance from 52-week low is 55.91% and -30.76% from its 52-week high. The company has generated returns on investments over the last 12 months (0.90%).

AES Corp. quarterly earnings per share for the current quarter are estimated at $0.3 with sales reaching $3.15B over the same period.The EPS is expected to grow by 8.53% this year, but quarterly earnings will post 2.30% year-over-year. Quarterly sales are estimated to shrink -2.80% in year-over-year returns.

AES Corp. (AES) Top Institutional Holders

874 institutions hold shares in AES Corp. (AES), with institutional investors hold 94.70% of the company’s shares. The shares outstanding are 710.29M, and float is at 707.20M with Short Float at 1.59%. Institutions hold 94.22% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 90.93 million shares valued at $1.88 billion. The investor’s holdings represent 13.58% of the AES Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 63.42 million shares valued at $1.31 billion to account for 9.47% of the shares outstanding. The other top investors are Capital World Investors which holds 46.58 million shares representing 6.96% and valued at over $965.52 million, while Blackrock Inc. holds 6.91% of the shares totaling 46.24 million with a market value of $958.55 million.

AES Corp. (AES) Insider Activity

The most recent transaction is an insider sale by Mendoza Tish,the company’sEVP & Chief HR Officer. SEC filings show that Mendoza Tish sold 21,594 shares of the company’s common stock on Dec 13 ’23 at a price of $18.95 per share for a total of $0.41 million. Following the sale, the insider now owns 0.17 million shares.

AES Corp. disclosed in a document filed with the SEC on Dec 08 ’23 that AES CORP (10% Owner) sold a total of 7,087,500 shares of the company’s common stock. The trade occurred on Dec 08 ’23 and was made at $22.05 per share for $156.28 million. Following the transaction, the insider now directly holds 0.0 shares of the AES stock.

Still, SEC filings show that on Nov 09 ’23, Falu Ricardo Manuel (SVP, COO, Pres. New Enrgy Tech) acquired 2,450 shares at an average price of $16.30 for $39935.0. The insider now directly holds 61,981 shares of AES Corp. (AES).

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