AES (NYSE:AES) Stock Crosses Above 200 Day Moving Average – What’s Next?

The AES Corporation (NYSE:AES) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.77 and traded as high as $14.03. AES shares last traded at $13.7980, with a volume of 4,852,921 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AES shares. Morgan Stanley increased their price objective on AES from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Jefferies Financial Group raised shares of AES from an “underperform” rating to a “hold” rating and upped their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AES in a research report on Wednesday, November 19th. Evercore ISI started coverage on AES in a research note on Monday, October 6th. They issued an “in-line” rating and a $15.00 price objective on the stock. Finally, Barclays lifted their target price on AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.36.

AES Trading Down 0.6%

The stock’s 50 day simple moving average is $13.98 and its two-hundred day simple moving average is $12.77. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The stock has a market capitalization of $9.83 billion, a PE ratio of 9.72, a PEG ratio of 0.59 and a beta of 0.98.

AES (NYSE:AES) last posted its earnings results on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. AES had a return on equity of 19.02% and a net margin of 8.42%.The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. AES has set its FY 2025 guidance at 2.100-2.26 EPS. On average, sell-side analysts expect that The AES Corporation will post 1.93 EPS for the current year.

AES Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a dividend of $0.176 per share. The ex-dividend date was Friday, October 31st. This represents a $0.70 annualized dividend and a yield of 5.1%. AES’s dividend payout ratio is currently 43.75%.

Institutional Investors Weigh In On AES

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AES. Armistice Capital LLC bought a new stake in shares of AES in the 3rd quarter worth $297,000. United Capital Financial Advisors LLC boosted its position in shares of AES by 14.1% during the third quarter. United Capital Financial Advisors LLC now owns 134,910 shares of the utilities provider’s stock valued at $1,775,000 after buying an additional 16,664 shares during the last quarter. Entropy Technologies LP bought a new stake in AES in the 3rd quarter worth about $557,000. Seven Mile Advisory purchased a new position in AES in the 3rd quarter worth about $140,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in AES by 0.9% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,882,251 shares of the utilities provider’s stock valued at $103,730,000 after acquiring an additional 69,622 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.