AES Corp (NYSE:AES) has a beta value of 1.08 and has seen 15.47 million shares traded in the last trading session. The company, currently valued at $9.66B, closed the last trade at $15.23 per share which meant it gained $0.52 on the day or 3.54% during that session. The AES stock price is -45.83% off its 52-week high price of $22.21 and 3.61% above the 52-week low of $14.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.51 million shares traded. The 3-month trading volume is 8.55 million shares.
The consensus among analysts is that AES Corp (AES) is Buy stock at the moment, with a recommendation rating of 1.56. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.54.
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AES Corp (NYSE:AES) trade information
Sporting 3.54% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AES stock price touched $15.23 or saw a rise of 9.67%. Year-to-date, AES Corp shares have moved -20.88%, while the 5-day performance has seen it change -10.67%. Over the past 30 days, the shares of AES Corp (NYSE:AES) have changed -19.46%. Short interest in the company has seen 22.33 million shares shorted with days to cover at 2.48.
Wall Street analysts have a consensus price target for the stock at $25.5, which means that the shares’ value could jump 40.27% from current levels. The projected low price target is $20.0 while the price target rests at a high of $32.0. In that case, then, we find that the current price level is -110.11% off the targeted high while a plunge would see the stock gain -31.32% from current levels.
AES Corp (AES) estimates and forecasts
Figures show that AES Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -19.33% over the past 6 months, with this year growth rate of 8.52%, compared to 5.20% for the industry. Revenue growth from the last financial year stood is estimated to be 3.20%.
3 analysts offering their estimates for the company have set an average revenue estimate of 3.16B for the current quarter. 2 have an estimated revenue figure of 3.14B for the next ending quarter. Year-ago sales stood 2.97B and 3.2B respectively for this quarter and the next, and analysts expect sales will grow by 6.50% for the current quarter and 3.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.72% over the past 5 years. Earnings growth for 2024 is a modest 9.33% while over the next 5 years, the company’s earnings are expected to increase by 10.50%.
AES Dividends
AES Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.69 at a share yield of 4.53%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.07%.
AES Corp (NYSE:AES)’s Major holders
Insiders own 0.48% of the company shares, while shares held by institutions stand at 106.80% with a share float percentage of 107.32%. Investors are also buoyed by the number of investors in a company, with AES Corp having a total of 978.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 92.86 million shares worth more than $1.63 billion. As of 2024-06-30, VANGUARD GROUP INC held 13.3266% of shares outstanding.
The other major institutional holder is CAPITAL INTERNATIONAL INVESTORS, with the holding of over 69.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.22 billion and represent 9.9695% of shares outstanding.
