AES Corp. (NYSE: AES) is -9.71% lower on its value in year-to-date trading and has touched a low of $11.43 and a high of $22.21 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 $17.37 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $17.38, the stock is 1.48% and -2.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.22 million and changing 0.06% at the moment leaves the stock -1.98% off its SMA200. AES registered -3.50% loss for a year compared to 6-month gain of 5.85%.
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The stock witnessed a -0.80% loss in the last 1 month and extending the period to 3 months gives it a -18.33%, and is 2.90% 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 2.09% over the week and 2.83% over the month.
AES Corp. (AES) has around 9600 employees, a market worth around $12.36B and $12.43B in sales. Current P/E ratio is 16.58 and Fwd P/E is 8.33. Profit margin for the company is 6.06%. Distance from 52-week low is 52.06% and -21.75% from its 52-week high. The company has generated returns on investments over the last 12 months (2.55%).
with sales reaching $3.46B over the same period.The EPS is expected to grow by 8.83% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to shrink -3.20% in year-over-year returns.
AES Corp. (AES) Top Institutional Holders
968.0 institutions hold shares in AES Corp. (AES), with institutional investors hold 99.50% of the company’s shares. The shares outstanding are 710.92M, and float is at 708.72M with Short Float at 2.14%. Institutions hold 99.03% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 89.73 million shares valued at $1.61 billion. The investor’s holdings represent 12.8772 of the AES Shares outstanding. As of 2024-03-31, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 77.64 million shares valued at $1.39 billion to account for 11.143 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 53.57 million shares representing 7.6876 and valued at over $960.43 million, while FMR LLC holds 6.5812 of the shares totaling 45.86 million with a market value of $822.2 million.
AES Corp. (AES) Insider Activity
The most recent transaction is an insider sale by Kohan Sherry, the company’s SVP & Chief Accounting Officer. SEC filings show that Kohan Sherry sold 15,000 shares of the company’s common stock on Jun 06 ’24 at a price of $20.35 per share for a total of $0.31 million. Following the sale, the insider now owns 43334.0 shares.
AES Corp. disclosed in a document filed with the SEC on May 20 ’24 that Da Santos Bernerd (EVP and President, Renewables) sold a total of 66,250 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $21.15 per share for $1.4 million. Following the transaction, the insider now directly holds 0.3 million shares of the AES stock.
Still, SEC filings show that on May 20 ’24, Mendoza Tish (EVP & Chief HR Officer) disposed off 66,250 shares at an average price of $21.21 for $1.41 million. The insider now directly holds 199,481 shares of AES Corp. (AES).
