AES (NYSE:AES) Share Price Crosses Above 200 Day Moving Average – Here’s Why

The AES Corporation (NYSE:AES)’s share price crossed 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Evercore ISI started coverage on AES in a report on Monday, October 6th. They issued an “in-line” rating and a $15.00 target price on the stock. Morgan Stanley upped their target price on shares of AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group raised 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 report on Tuesday, November 18th. Susquehanna raised their price target on AES from $16.00 to $17.00 and gave the company a “positive” rating in a report on Monday, October 13th. Finally, Mizuho upped their target price on AES from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. One research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.36.

AES Trading Up 0.7%

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’s 50 day simple moving average is $14.02 and its two-hundred day simple moving average is $12.79. The stock has a market capitalization of $9.90 billion, a PE ratio of 9.79, a PEG ratio of 0.59 and a beta of 0.98.

AES (NYSE:AES) last issued its earnings results on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. AES had a net margin of 8.42% and a return on equity of 19.02%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a $0.176 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.70 dividend on an annualized basis and a yield of 5.1%. AES’s dividend payout ratio (DPR) is presently 43.75%.

Institutional Investors Weigh In On AES

Several hedge funds have recently added to or reduced their stakes in AES. TD Private Client Wealth LLC raised its position in AES by 50.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after buying an additional 1,146 shares during the last quarter. Brooklyn Investment Group grew its holdings in AES by 48.6% during the 1st quarter. Brooklyn Investment Group now owns 4,271 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,397 shares in the last quarter. Bogart Wealth LLC lifted its stake in AES by 406.5% in the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,500 shares in the last quarter. Amalgamated Bank lifted its position in shares of AES by 1.2% in the second quarter. Amalgamated Bank now owns 137,543 shares of the utilities provider’s stock worth $1,447,000 after buying an additional 1,601 shares in the last quarter. Finally, Cromwell Holdings LLC grew its holdings in shares of AES by 232.5% in the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 1,737 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

About AES

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.