AES Corp (NYSE: AES) is -21.91% lower on its value in year-to-date trading and has touched a low of $9.57 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 $10.12 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $10.05, the stock is -6.94% and -10.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.19 million and changing -0.69% at the moment leaves the stock -29.90% off its SMA200. AES registered -41.33% loss for a year compared to 6-month loss of -40.88%. The firm has a 50-day simple moving average (SMA 50) of $11.2674 and a 200-day simple moving average (SMA200) of $14.3359.
The stock witnessed a -19.54% gain in the last 1 month and extending the period to 3 months gives it a -13.36%, and is -1.28% 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 3.59% over the week and 4.80% over the month.
AES Corp (AES) has around 9100 employees, a market worth around $7.15B and $12.28B in sales. Current P/E ratio is 4.23 and Fwd P/E is 4.45. Profit margin for the company is 13.78%. Distance from 52-week low is 5.02% and -54.75% from its 52-week high. The company has generated returns on investments over the last 12 months (5.56%).
with sales reaching $3.05B over the same period.The EPS is expected to grow by 1.40% this year, but quarterly earnings will post 3.04% year-over-year. Quarterly sales are estimated to shrink -1.22% in year-over-year returns.
AES Corp (AES) Top Institutional Holders
973.0 institutions hold shares in AES Corp (AES), with institutional investors hold 95.26% of the company’s shares. The shares outstanding are 711.07M, and float is at 708.31M with Short Float at 3.95%. Institutions hold 94.82% 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 13.1263% 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 9.8197 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 54.3 million shares representing 7.6753% and valued at over $953.97 million, while FMR LLC holds 6.8109 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).
