In the latest trading session, 0.6 million The AES Corporation (NYSE:AES) shares changed hands as the company’s beta touched 0.80. With the company’s most recent per share price at $23.75 changed hands at -$0.12 or -0.52% at last look, the market valuation stands at $16.10B. AES’s current price is a discount, trading about -22.4% off its 52-week high of $29.07. The share price had its 52-week low at $17.42, which suggests the last value was 26.65% up since then. When we look at The AES Corporation’s average trading volume, we note the 10-day average is 5.18 million shares, with the 3-month average coming to 4.98 million.
Analysts gave the The AES Corporation (AES) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 1 recommended AES as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. The AES Corporation’s EPS for the current quarter is expected to be $0.44.
The AES Corporation (NYSE:AES) trade information
Instantly AES was in red as seen in intraday trades today. With action -3.12%, the performance over the past five days has been red. The drop to weekly highs of 24.56 on Monday, 09/13/21 subtracted -0.52% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.57%, with the 5-day performance at -3.12% in the red. However, in the 30-day time frame, The AES Corporation (NYSE:AES) is -4.94% down. Looking at the short shares, we see there were 6.92 million shares sold at short interest cover period of 1.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is $30.06, meaning bulls need an upside of 20.99% from its recent market value. According to analyst projections, AES’s forecast low is $27.50 with $32.00 as the target high. To hit the forecast high, the stock’s price needs a -34.74% plunge from its current level, while the stock would need to soar -15.79% for it to hit the projected low.
The AES Corporation (AES) estimates and forecasts
Data shows that the The AES Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.25% over the past 6 months, a 6.94% in annual growth rate that is considerably higher than the industry average of 5.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for The AES Corporation will rise 4.80%, while the growth in revenue is estimated to hit 6.30% for the next quarter. Year-over-year growth is forecast to reach 3.20% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $2.5 billion. 3 analysts are of the opinion that The AES Corporation’s revenue for the quarter ending Dec 2021 will be $2.48 billion. The company’s revenue for the corresponding quarters a year ago was $2.7 billion and $2.56 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.30%. The estimates for the next quarter sales put growth at -3.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -32.60%. The 2021 estimates are for The AES Corporation earnings to decrease by -85.80%, but the outlook for the next 5-year period is at 8.15% per year.
The AES Corporation is expected to release its next quarterly earnings report between November 04 and November 08. The 2.51% annual yield figure for the share gives it an annual dividend of 0.60. It is important to note, however, that the 2.51% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.51 per year.
The AES Corporation (NYSE:AES)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.31% of The AES Corporation shares while 99.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.48%. There are 99.17% institutions holding the The AES Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 12.46% of the shares, roughly 83.01 million AES shares worth $2.23 billion.
FMR, LLC holds the second largest percentage of outstanding shares, with 8.94% or 59.55 million shares worth $1.6 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Income Fund of America Inc and Fundamental Investors Inc. With 22.41 million shares estimated at $600.7 million under it, the former controlled 3.36% of total outstanding shares. On the other hand, Fundamental Investors Inc held about 3.00% of the shares, roughly 20.0 million shares worth around $536.3 million.