The AES Corporation (AES): Year-to-date performance of AES is negative

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The AES Corporation (NYSE:AES) changes shares on Tuesday trading session, with a change of 2.31% or $0.35 shares. The trading starts at $15.11 and closed at $15.12 throughout the day. The trading session low price was $14.98 and day high was $15.53 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 5.57 million while its average volume is 6.58M. In other hand, the AES market cap reached to $10.41B. While, its current target price is $17.71.

On July 28, 2020, Shares in Brazil’s AES Tiete slump as BNDES reaches deals with AES Corp. According to the news reported on Reuters, Shares in the Brazilian power company AES Tiete Energia SA fell 7.7% after development bank BNDES agreed to sell part of its stake to the firm’s controlling shareholder AES Corp .

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.78% and up 6.91% for month. Its quarterly performance was 18.54% above, while its half year performance is down -24.94%. AES yearly performance stood at negative -5.21% and fall -22.26% for year-to-date. Current recommendation for The AES Corporation is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. AES EPS (TTM) for 12-month is 0.44. EPS for this year is -70.60%, while for the next year its value is 1.54. Sales growth for the current quarter is 4.82 while its EPS Q/Q reached -6.60%. It has an EPS of -14.20% down for past five years and for the next five years will be up 7.35%.

Let’s take a look on the analyst recommendations on AES for the current month and previous month. For the current month, 8 of 10 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 10 analysts participate in stock recommendation. Out of 10, 0 rated it sell, 9 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $14.00 – $20.00. Average target price for AES was reached at $17.75.

Vanguard Group, Inc. (The), Capital World Investors and Blackrock Inc. are the top three holders in The AES Corporation (AES) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 90.57 million shares which valued 1.23 billion. On Mar 30, 2020, Capital World Investors owned 81.39 million shares which valued at 1.11 billion. On Mar 30, 2020, Blackrock Inc. has a total of 55.96 million shares which valued at 761.1 million. In the end, Blackrock Inc. have 8.42% shares outstanding of The AES Corporation (AES) on Mar 30, 2020. The insider ownership moved to 0.30% and institutional holding shifted to 97.93%.

The company posted an EPS (TTM) of 0.44. According to the most recent quarter report on (Jun 2020), 8 analysts estimated an average EPS of 0.24, while 0.26 EPS posted a year ago period. Analyst Estimated EPS for AES published in the report was $0.21 – $0.28 during the same period. Comparing with last year, the average estimated EPS was 0.26 which is lower than 0.29 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for AES fall -4.45% for period of 200 days. SMA for 50 days was 9.45% which is showing green signal, while SMA-20 was 2.80%. The moving average value for The AES Corporation (AES) is 8.66M and 2.01% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in AES stock. On Jun 11, UBBEN JEFFREY W, Director, bought 500,000 trading shares at the cost of $12.22, which valued at 6.11 million. On May 15, UBBEN JEFFREY W, Director, bought 500,000 shares at the cost of $11.67, with total shares of 4,846,500. On Mar 20, Khanna Tarun, Director, bought 4,300 shares at the cost of 11.27. After this transaction, Khanna Tarun total shares reached to 4,300 which valued at 48461.0.