AES Corp (NYSE: AES) is -31.64% lower on its value in year-to-date trading and has touched a low of $12.97 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 $13.04 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $13.16, the stock is -7.80% and -21.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.64 million and changing 0.92% at the moment leaves the stock -24.84% off its SMA200. AES registered -22.27% loss for a year compared to 6-month loss of -37.72%. The firm has a 50-day simple moving average (SMA 50) of $16.849 and a 200-day simple moving average (SMA200) of $17.52475.
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The stock witnessed a -22.41% gain in the last 1 month and extending the period to 3 months gives it a -24.24%, and is -4.22% down 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 3.43% over the week and 4.00% over the month.
AES Corp (AES) has around 9600 employees, a market worth around $9.21B and $12.28B in sales. Current P/E ratio is 9.15 and Fwd P/E is 6.37. Profit margin for the company is 8.39%. Distance from 52-week low is 1.46% and -40.75% from its 52-week high. The company has generated returns on investments over the last 12 months (3.59%).
The EPS is expected to grow by 10.02% this year.
AES Corp (AES) Top Institutional Holders
986.0 institutions hold shares in AES Corp (AES), with institutional investors hold 100.31% of the company’s shares. The shares outstanding are 711.03M, and float is at 709.66M with Short Float at 3.14%. Institutions hold 99.86% 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).
