AES (NYSE:AES) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of The AES Corporation (NYSE:AES) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.06 and traded as high as $13.90. AES shares last traded at $13.8750, with a volume of 7,737,095 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Mizuho lifted their price objective on shares of AES from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Barclays boosted their price objective on AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Morgan Stanley raised their price objective on AES from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Evercore ISI assumed coverage on AES in a report on Monday, October 6th. They issued an “in-line” rating and a $15.00 target price for the company. Finally, Jefferies Financial Group upgraded 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 report on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

AES Stock Performance

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 stock has a market capitalization of $9.59 billion, a PE ratio of 8.42, a P/E/G ratio of 0.56 and a beta of 1.01. The firm has a fifty day moving average price of $14.05 and a two-hundred day moving average price of $13.09.

AES (NYSE:AES) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business earned $0.71 EPS. AES’s revenue was up 1.9% compared to the same quarter last year. AES has set its FY 2025 guidance at 2.100-2.26 EPS. Research analysts expect that The AES Corporation will post 1.93 EPS for the current year.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a dividend of $0.176 per share. 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 5.2%. AES’s dividend payout ratio (DPR) is 43.75%.

Institutional Investors Weigh In On AES

Several hedge funds have recently made changes to their positions in AES. Bogart Wealth LLC grew its position in shares of AES by 406.5% during the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after buying an additional 1,500 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of AES by 232.5% during 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. TD Private Client Wealth LLC increased its holdings in AES by 50.8% during the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,146 shares during the period. Brooklyn Investment Group raised its stake in AES by 48.6% in the first quarter. Brooklyn Investment Group now owns 4,271 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,397 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in AES during the 1st quarter valued at $67,000. 93.13% of the stock is currently 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.