AES (NYSE:AES) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

The AES Corporation (NYSE:AES)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.30 and traded as high as $14.56. AES shares last traded at $14.4910, with a volume of 8,095,467 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AES shares. Barclays raised their target price on AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a research report on Monday. Evercore ISI started coverage on shares of AES in a research note on Monday, October 6th. They set an “in-line” rating and a $15.00 target price on the stock. Jefferies Financial Group raised shares of AES from an “underperform” rating to a “hold” rating and increased their price target for the company from $12.00 to $13.00 in a research note on Tuesday, November 18th. Finally, Morgan Stanley lifted their price target on shares of AES from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AES presently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

AES Stock Performance

The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.58 and a beta of 1.01. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a 50 day moving average price of $13.95 and a 200-day moving average price of $13.30.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. AES had a return on equity of 18.83% and a net margin of 9.47%.The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the company earned $0.71 EPS. AES’s revenue for the quarter was up 1.9% compared to the same quarter last year. AES has set its FY 2025 guidance at 2.100-2.26 EPS. As a group, sell-side analysts expect that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a $0.176 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. AES’s dividend payout ratio is currently 43.75%.

Institutional Trading of AES

A number of institutional investors have recently bought and sold shares of the business. Sound Shore Management Inc CT boosted its position in shares of AES by 32.3% during the 2nd quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock worth $84,872,000 after acquiring an additional 1,969,741 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in AES by 0.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,882,251 shares of the utilities provider’s stock worth $103,730,000 after purchasing an additional 69,622 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in AES by 25.0% during the first quarter. Goldman Sachs Group Inc. now owns 7,115,438 shares of the utilities provider’s stock worth $88,374,000 after purchasing an additional 1,421,899 shares during the last quarter. SG Americas Securities LLC increased its stake in AES by 58.2% in the third quarter. SG Americas Securities LLC now owns 3,126,053 shares of the utilities provider’s stock valued at $41,139,000 after purchasing an additional 1,150,644 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in AES by 975.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,086,164 shares of the utilities provider’s stock worth $32,466,000 after purchasing an additional 2,799,148 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.