AES Corp. (NYSE: AES) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 710.92M common shares owned by the public and among those 709.35M shares have been available to trade.

The company’s stock has a 5-day price change of 3.83% and 15.02% over the past three months. AES shares are trading 4.21% year to date (YTD), with the 12-month market performance up to 34.81% higher. It has a 12-month low price of $11.43 and touched a high of $22.21 over the same period. AES has an average intraday trading volume of 8.32 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 10.19%, 13.73%, and 12.14% respectively.

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Institutional ownership of AES Corp. (NYSE: AES) shares accounts for 97.62% of the company’s 710.92M shares outstanding.

It has a market capitalization of $14.26B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 19.14, while the earnings-per-share (ttm) stands at $1.05. The company has a PEG of 3.14 and a Quick Ratio of 0.91 with the debt-to-equity ratio at 7.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.24% over the week and 2.95% over the month.

Analysts forecast that AES Corp. (AES) will achieve an EPS of 0.63 for the current quarter, 0.56 for the next quarter and 2.07 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.51 while analysts give the company a high EPS estimate of 0.51. Comparatively, EPS for the current quarter was 0.6 a year ago. Earnings per share for the fiscal year are expected to increase by 8.95%, and 8.52% over the next financial year. EPS should grow at an annualized rate of 6.10% over the next five years, compared to -25.72% over the past 5-year period.

Looking at the support for the AES, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on September 11, 2024, with the firm’s price target at $20. Mizuho was of a view on April 18, 2024 that the stock is Buy, while UBS gave the stock Neutral rating on October 06, 2023, issuing a price target of $22- $13. Barclays on their part issued Overweight rating on August 23, 2023.

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