In today’s recent session, 4.49 million shares of the AES Corp (NYSE:AES) have been traded, and its beta is 0.95. Most recently the company’s share price was $10.28, and it changed around -$0.47 or -4.33% from the last close, which brings the market valuation of the company to $7.31B. AES at last check was trading at a discount to its 52-week high of $22.21, offering almost -116.05% off that amount. The share price’s 52-week low was $10.33, which indicates that the recent value has fallen by an impressive -0.49% since then. We note from AES Corp’s average daily trading volume that its 10-day average is 15.25 million shares, with the 3-month average coming to 14.03 million.
AES Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.76. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended AES as a Hold, whereas 7 deemed it a Buy, and 1 rated it as Underweight. AES Corp is expected to report earnings per share of 0.35 for the current quarter.
AES Corp (NYSE:AES) trade information
Instantly AES has been showing red trend so far today with a performance of -4.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.91 on recent trading dayincreased the stock’s daily price by 5.77%. The company’s shares are currently down -20.09% year-to-date, but still down -3.06% over the last five days. On the other hand, AES Corp (NYSE:AES) is -14.43% down in the 30-day period. We can see from the shorts that 35.19 million shares have been sold at a short interest cover period of 2.97 day(s).
The consensus price target as assigned by Wall Street analysts is $21.5, which translates to bulls needing to increase their stock price by 52.19% from its current value. Analyst projections state that AES is forecast to be at a low of $20 and a high of $23.
AES Corp (AES) estimates and forecasts
The year-over-year growth rate is expected to be -3.55%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 3.07B in revenue for the current quarter. 3 analysts expect AES Corp to make 3.07B 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 3.46%. Forecasts for the next quarter put sales growth at -0.51%.
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 8.63% in 2025, but the outlook is positive 6.59% per year for the next five years.
AES Dividends
AES Corp’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 6.74 percent and its annual dividend per share was 0.69. It is important to note, however, that the 6.74% 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 3.21 per year.
AES Corp (NYSE:AES)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.79% of AES Corp shares, and 95.12% of them are in the hands of institutional investors. The stock currently has a share float of 95.87%. AES Corp stock is held by 972.0 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 Sep 30, 2024 . The former held 22.43 shares worth $232.08 million, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 18.62 shares worth around $192.62 million, which represents about 2.62% of the total shares outstanding.
