The AES Corporation (AES) looking to reclaim success with recent performance

The AES Corporation (NYSE: AES) stock fell -2.41% on Wednesday to $20.26 against a previous-day closing price of $20.76. With 5.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.04 million shares. During the session, the Utilities – Diversified company that operates in wider Utilities sector, reached to the highest price of $20.70 whereas the lowest price it dropped to was $20.16. The 52-week range on AES shows that it touched its highest point at $29.89 and its lowest point at $18.62 during that stretch. It currently has a 1-year price target of $30.00. With its current market cap of 13.59 billion, AES has annualized dividend of $0.66 while the current yield stands at 3.28%. Beta for the stock currently stands at 0.94.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AES was down-trending over the past week, with a drop of -3.29%, but this was down by -15.12% over a month. Three-month performance dropped to -20.20% while six-month performance fell -27.82%. The stock lost -4.12% in the past year, while it has lost -29.55% so far this year. A look at the trailing 12-month EPS for AES yields -1.14 with Next year EPS estimates of 1.92. For the next quarter, that number is 0.30. This implies an EPS growth rate of -31.80% for this year and 11.87% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.90%.

Float and Shares Shorts:

At present, 712.00 million AES shares are outstanding with a float of 665.70 million shares on hand for trading. On Apr 27, 2023, short shares totaled 12.47 million, which was 1.86% higher than short shares on Mar 30, 2023. In addition to Mr. Andres Ricardo Gluski Weilert as the firm’s Pres, CEO & Director, Mr. Stephen Coughlin serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 97.32% of AES’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.94% of AES, in contrast to 33.51% held by mutual funds. Shares owned by individuals account for 23.92%. As the largest shareholder in AES with 13.19% of the stake, The Vanguard Group, Inc. holds 88,187,338 shares worth 88,187,338. A second-largest stockholder of AES, Capital Research & Management Co, holds 71,702,279 shares, controlling over 10.72% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in AES, holding 57,098,650 shares or 8.54% stake. With a 4.82% stake in AES, the American Funds Fundamental Invest is the largest stakeholder. A total of 32,215,998 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of AES stock, is the second-largest Mutual Fund holder. It holds 20,772,142 shares valued at 491.47 million. American Funds Income Fund of Ame holds 2.87% of the stake in AES, owning 19,208,031 shares worth 454.46 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AES reported revenue of $3.08B and operating income of $497.00M. The EBITDA in the recently reported quarter was $869.00M and diluted EPS was -$0.27.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AES since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AES analysts setting a high price target of $33.00 and a low target of $24.00, the average target price over the next 12 months is $29.56. Based on these targets, AES could surge 62.88% to reach the target high and rise by 18.46% to reach the target low. Reaching the average price target will result in a growth of 45.9% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded AES stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 1,222,688 while 956,997 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *