AES Corp. (NYSE:AES) shares traded -0.13% lower at $15.01 on Wall Street last session.
AES stock price is now -10.53% away from the 50-day moving average and -15.55% away from the 200-day moving average. The market capitalization of the company currently stands at $10.66B.
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With the price target reduced from $22 to $13, UBS Downgraded its rating from Buy to Neutral for AES Corp. (NYSE: AES). On August 23, 2023, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $25, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Mendoza Tish, EVP & Chief HR Officer sold 21,594 shares of the company’s stock on Dec 13 ’23. The stock was sold for $409,206 at an average price of $18.95. Upon completion of the transaction, the EVP & Chief HR Officer now directly owns 167,261 shares in the company, valued at $2.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08 ’23, 10% Owner AES CORP sold 7,087,500 shares of the business’s stock. A total of $156,279,375 was realized by selling the stock at an average price of $22.05. A total of 0.46% of the company’s stock is owned by insiders.
During the past 12 months, AES Corp. has had a low of $11.43 and a high of $25.74. As of last week, the company has a debt-to-equity ratio of 6.85, a current ratio of 0.68, and a quick ratio of 0.61. According to the stock market information, the enterprise value for the company is $36.56B, which is based on a 45.83 price-to-earnings ratio, a 6.11 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for AES is $16.70 and a two-hundred day moving average price translates $17.75 for the stock.
The latest earnings results from AES Corp. (NYSE: AES) was released for Dec, 2023. According to the Utilities – Diversified Company, earnings per share came in at $0.73, beating analysts’ expectations of $0.67 by 0.06. This compares to -$1.30 EPS in the same period last year. The net profit margin was 1.91% and return on equity was 6.28% for AES. The company reported revenue of $2.97 billion for the quarter, compared to $3.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.01 percent. For the current quarter, analysts expect AES to generate $3.12B in revenue.
