AES Corp. (AES) Testing Investors’ Patience Right Now

Currently, there are 668.74M common shares owned by the public and among those 665.39M shares have been available to trade.

Insiders at the company have transacted a total of 50 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 631,142 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 192,385 shares.

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However, the script later moved the day high at 17.30, down -0.82%. The company’s stock has a 5-day price change of -0.76% and 14.61% over the past three months. AES shares are trading -11.58% year to date (YTD), with the 12-month market performance down to -36.49% lower. It has a 12-month low price of $11.43 and touched a high of $27.06 over the same period. AES has an average intraday trading volume of 5.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.56%, -5.70%, and -8.85% respectively.

Institutional ownership of AES Corp. (NYSE: AES) shares accounts for 94.34% of the company’s 668.74M shares outstanding.

It has a market capitalization of $11.40B and a beta (3y monthly) value of 1.09. The earnings-per-share (ttm) stands at -$0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.63% over the week and 3.20% over the month.

Analysts forecast that AES Corp. (AES) will achieve an EPS of $0.67 for the current quarter, $0.36 for the next quarter and $1.9 for 2024. The lowest estimate earnings-per-share for the quarter is $0.57 while analysts give the company a high EPS estimate of $0.7. Comparatively, EPS for the current quarter was $0.49 a year ago. Earnings per share for the fiscal year are expected to increase by 2.93%, and 10.88% over the next financial year. EPS should grow at an annualized rate of 7.50% over the next five years, compared to 0.38% over the past 5-year period.

Looking at the support for the AES, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on October 06, 2023, with the firm’s price target at $22-$13.

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