In the last trading session, 10.85 million AES Corp. (NYSE:AES) shares changed hands as the company’s beta touched 1.06. With the company’s per share price at $17.00 changed hands at -$0.21 or -1.22% during last session, the market valuation stood at $12.09B. AES’s last price was a discount, traded about -30.65% off its 52-week high of $22.21. The share price had its 52-week low at $13.55, which suggests the last value was 20.29% up since then. When we look at AES Corp.’s average trading volume, we note the 10-day average is 7.34 million shares, with the 3-month average coming to 8.12 million.
Analysts gave the AES Corp. (AES) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.47. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended AES as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight.
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AES Corp. (NYSE:AES) trade information
Instantly AES was in red as seen at the end of in last trading. With action -2.35%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.69%, with the 5-day performance at -2.35% in the red. However, in the 30-day time frame, AES Corp. (NYSE:AES) is -12.01% down. Looking at the short shares, we see there were 27.19 million shares sold at short interest cover period of 2.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25.5, meaning bulls need an upside of 33.33% from its current market value. According to analyst projections, AES’s forecast low is 20 with 32 as the target high. To hit the forecast high, the stock’s price needs a -88.24% plunge from its current level, while the stock would need to soar -17.65% for it to hit the projected low.
AES Corp. (AES) estimates and forecasts
Data shows that the AES Corp. 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 -0.76% over the past 6 months, a 7.95% in annual growth rate that is considerably higher than the industry average of 4.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.72%. The 2024 estimates are for AES Corp. earnings to increase by 9.41%, but the outlook for the next 5-year period is at 10.50% per year.
AES Dividends
AES Corp. is expected to release its next quarterly earnings report in November. The 4.02% annual yield figure for the share gives it an annual dividend of 0.68. It is important to note, however, that the 4.02% 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 3.06 per year.
AES Corp. (NYSE:AES)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.48% of AES Corp. shares while 106.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.80%. There are 106.28% institutions holding the AES Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 13.3266% of the shares, roughly 92.86 million AES shares worth $1.63 billion.
CAPITAL INTERNATIONAL INVESTORS holds the second largest percentage of outstanding shares, with 9.9695% or 69.47 million shares worth $1.22 billion as of 2024-06-30.
