In yesterday’s Wall Street session, AES Corp. (NYSE:AES) shares traded at $16.66, up 0.06% from the previous session.
AES stock price is now -9.69% away from the 50-day moving average and -5.61% away from the 200-day moving average. The market capitalization of the company currently stands at $11.84B.
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On April 18, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $21, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Kohan Sherry, SVP & Chief Accounting Officer sold 15,000 shares of the company’s stock on Jun 06 ’24. The stock was sold for $305,250 at an average price of $20.35. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 43,334 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, EVP & Chief HR Officer Mendoza Tish sold 66,250 shares of the business’s stock. A total of $1,405,162 was realized by selling the stock at an average price of $21.21. This leaves the insider owning 199,481 shares of the company worth $3.32 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, AES Corp. has had a low of $11.43 and a high of $22.21. As of last week, the company has a debt-to-equity ratio of 7.15, a current ratio of 0.97, and a quick ratio of 0.91. According to the stock market information, the enterprise value for the company is $43955998720, which is based on a 15.89 price-to-earnings ratio, a 2.61 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for AES is $18.36 and a two-hundred day moving average price translates $17.66295 for the stock.
The latest earnings results from AES Corp. (NYSE: AES) was released for 2024-06-30. The net profit margin was 6.06% and return on equity was 19.37% for AES. The company reported revenue of $2.94 billion for the quarter, compared to $3.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.81 percent.
