AES (NYSE:AES) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of 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 $13.30 and traded as high as $14.56. AES shares last traded at $14.4910, with a volume of 8,095,467 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AES. Argus raised AES from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, December 5th. Jefferies Financial Group upgraded AES from an “underperform” rating to a “hold” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, November 18th. Evercore ISI started coverage on shares of AES in a research report on Monday, October 6th. They set an “in-line” rating and a $15.00 price target for the company. Mizuho lifted their price objective on shares of AES from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Finally, Susquehanna increased their price objective on shares of AES from $16.00 to $17.00 and gave the stock a “positive” rating in a research note on Monday, October 13th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AES has an average rating of “Moderate Buy” and an average price target of $23.83.

AES Stock Up 2.6%

The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 3.15. The business has a 50-day simple moving average of $13.95 and a 200-day simple moving average of $13.30. The company has a market cap of $10.32 billion, a PE ratio of 9.06, a P/E/G ratio of 0.58 and a beta of 1.01.

AES (NYSE:AES) last posted its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.75 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 business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The business’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. Equities research analysts anticipate 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 $0.176 dividend. The ex-dividend date is Friday, January 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. AES’s dividend payout ratio (DPR) is 43.75%.

Institutional Investors Weigh In On AES

Institutional investors have recently bought and sold shares of the company. Sound Shore Management Inc CT lifted its holdings in AES by 32.3% in the 2nd quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock valued at $84,872,000 after purchasing an additional 1,969,741 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of AES by 0.9% in 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 buying an additional 69,622 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in AES by 25.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,115,438 shares of the utilities provider’s stock valued at $88,374,000 after acquiring an additional 1,421,899 shares in the last quarter. SG Americas Securities LLC raised its holdings in AES by 58.2% in the 3rd quarter. SG Americas Securities LLC now owns 3,126,053 shares of the utilities provider’s stock valued at $41,139,000 after acquiring an additional 1,150,644 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in AES by 975.3% in the 2nd 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 currently owned by institutional investors and hedge funds.

AES Company Profile

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.