The stock of The AES Corporation (NYSE:AES) last traded at $22.65, up 1.16% from the previous session.
Data from the available sources indicates that The AES Corporation (NYSE:AES) is covered by 14 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $29.00, we find $31.00. Given the previous closing price of $22.39, this indicates a potential upside of 38.45 percent. AES stock price is now -12.32% away from the 50-day moving average and -9.41% away from the 200-day moving average. The market capitalization of the company currently stands at $15.74B.
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In total, 2 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $30.82 as their price target over the next twelve months.
With the price target of $25, Credit Suisse recently initiated with Neutral rating for The AES Corporation (NYSE: AES). On March 22, 2022, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $27, while ‘Goldman’ rates the stock as ‘Buy’.
In other news, Gluski Andres, President and CEO sold 748,625 shares of the company’s stock on Dec 28. The stock was sold for $21,283,409 at an average price of $28.43. Upon completion of the transaction, the President and CEO now directly owns 1,285,504 shares in the company, valued at $29.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director MILLER JAMES H sold 19,280 shares of the business’s stock. A total of $418,073 was realized by selling the stock at an average price of $21.68. Insiders disposed of 801,222 shares of company stock worth roughly $18.15 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AES stock. A new stake in The AES Corporation shares was purchased by AGF MANAGEMENT LTD during the first quarter worth $208,375,000. CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. invested $32,476,000 in shares of AES during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in The AES Corporation valued at approximately $12,528,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in AES for approximately $11,638,000. TREXQUANT INVESTMENT LP purchased a new stake in AES valued at around $4,987,000 in the second quarter. In total, there are 929 active investors with 97.40% ownership of the company’s stock.
With an opening price of $22.49 on Monday morning, The AES Corporation (NYSE: AES) set off the trading day. During the past 12 months, The AES Corporation has had a low of $18.62 and a high of $29.89. As of last week, the company has a debt-to-equity ratio of 14.70, a current ratio of 1.20, and a quick ratio of 1.00. The fifty day moving average price for AES is $25.77 and a two-hundred day moving average price translates $25.01 for the stock.
The latest earnings results from The AES Corporation (NYSE: AES) was released for Sep, 2022. According to the Utilities – Diversified Company, earnings per share came in at $0.63, beating analysts’ expectations of $0.53 by 0.1. This compares to -$0.91 EPS in the same period last year. The net profit margin was -4.30% and return on equity was -25.60% for AES. The company reported revenue of $3.06 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.47 percent. For the current quarter, analysts expect AES to generate $2.99B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/15/2023. Investors who held shares on 05/01/2023 were paid a $0.1659 dividend. On an annualized basis, this represents a $0.66 dividend and a 2.93% percent yield. There was an ex-dividend date of 04/28/2023 for this dividend.
The AES Corporation(AES) Company Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels and technologies to generate electricity, including coal, gas, hydro, wind, solar, and biomass; and renewables, such as energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 31,459 megawatts. It has operations in the United States, Puerto Rico, El Salvador, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.
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