During the recent session, AES Corp (NYSE:AES)’s traded shares were 7.91 million, with the beta value of the company hitting 1.09. At the last check today, the stock’s price was $15.25, reflecting an intraday loss of -7.52% or -$1.24. The 52-week high for the AES share is $22.21, that puts it down -45.64 from that peak though still a striking 3.67% gain since the share price plummeted to a 52-week low of $14.69. The company’s market capitalization is $10.84B, and the average intraday trading volume over the past 10 days was 8.87 million shares, and the average trade volume was 8.22 million shares over the past three months.
AES Corp (AES) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.47. AES has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.54.
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AES Corp (NYSE:AES) trade information
AES Corp (AES) registered a -7.52% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.52% in intraday trading to $15.25, hitting a weekly high. The stock’s 5-day price performance is -10.08%, and it has moved by -20.28% in 30 days. Based on these gigs, the overall price performance for the year is 2.70%. The short interest in AES Corp (NYSE:AES) is 22.33 million shares and it means that shorts have 2.48 day(s) to cover.
The consensus price target of analysts on Wall Street is $25.5, which implies an increase of 40.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $32 respectively. As a result, AES is trading at a discount of -109.84% off the target high and -31.15% off the low.
AES Corp (AES) estimates and forecasts
Statistics show that AES Corp has outperformed its competitors in share price, compared to the industry in which it operates. AES Corp (AES) shares have gone down -18.31% during the last six months, with a year-to-date growth rate more than the industry average at 8.52% against 5.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -26.00% this quarter and then drop -6.00% in the quarter after that. In the rating firms’ projections, revenue will increase 2.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.16B as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 3.14B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.97B and 3.2B respectively. In this case, analysts expect current quarter sales to grow by 6.50% and then drop by -1.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -25.72%. While earnings are projected to return 9.22% in 2024, the next five years will return 10.50% per annum.
AES Dividends
AES Corp is due to release its next quarterly earnings on 2025-Feb-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for AES Corp is 0.68, with the dividend yield indicating at 4.48 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.07%.
AES Corp (NYSE:AES)’s Major holders
AES Corp insiders own 0.48% of total outstanding shares while institutional holders control 106.56%, with the float percentage being 107.07%. VANGUARD GROUP INC is the largest shareholder of the company, while 971.0 institutions own stock in it. As of 2024-06-30, the company held over 92.86 million shares (or 13.3266% of all shares), a total value of $1.63 billion in shares.
The next largest institutional holding, with 69.47 million shares, is of CAPITAL INTERNATIONAL INVESTORS’s that is approximately 9.9695% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.22 billion.
