AES Corp. (NYSE: AES) is 5.14% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AES stock was last observed hovering at around $20.06 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $20.24, the stock is 10.29% and 14.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.09 million and changing 0.90% at the moment leaves the stock 13.09% off its SMA200. AES registered 33.16% gain for a year compared to 6-month loss of 13.58%. The firm has a 50-day simple moving average (SMA 50) of $17.7512 and a 200-day simple moving average (SMA200) of $17.90245.
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The stock witnessed a 18.16% gain in the last 1 month and extending the period to 3 months gives it a 15.46%, and is 5.91% 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 2.37% over the week and 2.99% over the month.
AES Corp. (AES) has around 9600 employees, a market worth around $14.39B and $12.43B in sales. Current P/E ratio is 19.31 and Fwd P/E is 9.73. Profit margin for the company is 6.06%. Distance from 52-week low is 77.08% and -8.87% from its 52-week high. The company has generated returns on investments over the last 12 months (2.55%).
The EPS is expected to grow by 8.95% this year.
AES Corp. (AES) Top Institutional Holders
962.0 institutions hold shares in AES Corp. (AES), with institutional investors hold 99.43% of the company’s shares. The shares outstanding are 710.92M, and float is at 709.35M with Short Float at 4.05%. Institutions hold 98.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 92.86 million shares valued at $1.63 billion. The investor’s holdings represent 13.3266% of the AES Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 69.47 million shares valued at $1.22 billion to account for 9.9695 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 54.3 million shares representing 7.7924% and valued at over $953.97 million, while FMR LLC holds 6.9148 of the shares totaling 48.18 million with a market value of $846.53 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).
