In today’s recent session, 2.22 million shares of the AES Corp (NYSE:AES) have been traded, and its beta is 1.05. Most recently the company’s share price was $13.63, and it changed around -$0.12 or -0.87% from the last close, which brings the market valuation of the company to $9.69B. AES at last check was trading at a discount to its 52-week high of $22.21, offering almost -62.95% off that amount. The share price’s 52-week low was $13.27, which indicates that the recent value has risen by an impressive 2.64% since then. We note from AES Corp’s average daily trading volume that its 10-day average is 16.99 million shares, with the 3-month average coming to 10.24 million.
AES Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.56. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 4 recommended AES as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. AES Corp is expected to report earnings per share of 0.41 for the current quarter.
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AES Corp (NYSE:AES) trade information
Instantly AES has been showing red trend so far today with a performance of -0.87% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.35 on recent trading dayincreased the stock’s daily price by 5.02%. The company’s shares are currently down -29.19% year-to-date, but still up 0.07% over the last five days. On the other hand, AES Corp (NYSE:AES) is -19.82% down in the 30-day period. We can see from the shorts that 22.32 million shares have been sold at a short interest cover period of 2.71 day(s).
The consensus price target as assigned by Wall Street analysts is $25.5, which translates to bulls needing to increase their stock price by 46.55% from its current value. Analyst projections state that AES is forecast to be at a low of $20 and a high of $32.
AES Corp (AES) estimates and forecasts
AES Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -34.88 percent over the past six months and at a 8.52% annual growth rate that is well above the industry average of 4.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -43.29% in revenue this quarter, and will report a decrease of -5.51% in the next quarter. The year-over-year growth rate is expected to be 4.85%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 3.05B in revenue for the current quarter. 2 analysts expect AES Corp to make 3.14B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.97B and 3.08B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.63%. Forecasts for the next quarter put sales growth at 1.68%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.72%. AES Corp earnings are expected to increase by 9.54% in 2024, but the outlook is positive 9.25% per year for the next five years.
AES Dividends
AES Corp’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 5.06 percent and its annual dividend per share was 0.69. It is important to note, however, that the 5.06% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.07 per year.
AES Corp (NYSE:AES)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.46% of AES Corp shares, and 99.82% of them are in the hands of institutional investors. The stock currently has a share float of 100.28%. AES Corp stock is held by 985.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 13.3266% of the shares, which is about 92.86 million shares worth $1.63 billion.
CAPITAL INTERNATIONAL INVESTORS, with 9.9695% or 69.47 million shares worth $1.22 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 22.4 shares worth $301.78 million, making up 3.15% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 18.24 shares worth around $245.79 million, which represents about 2.57% of the total shares outstanding.
