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Wednesday, February 1, 2023

Is The AES Corporation (NYSE: AES) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for The AES Corporation (AES) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -0.59%, to $26.83. The The AES Corporation has recorded 133,748 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Air Products to Hold Investor Teleconference on Plans with AES for Mega-scale Green Hydrogen Production Facility in Texas.


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Stocks Info

AES belongs to the Utilities sector of the NYSE while operating in the Utilities – Diversified industry. At the end of the last regular session, the stock closed at $26.99 and fluctuated between $27.06 as its day high and $26.53 as its day low. The current market capitalization of The AES Corporation is $17.83B. A total of 3.77 million shares were traded on the day, compared to an average of 3.92M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AES has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 25 SELLs from insiders. Insiders purchased 495,603 shares during that period but sold 182,944.

In the most recent transaction, Gluski Andres sold 748,625 shares of AES for 28.43 per share on Dec 28. After the transaction, the President and CEO now owns 1,285,504 company shares. In a previous transaction on Jun 01, MILLER JAMES H sold 19,280 shares at 21.68 per share. AES shares that Director owns now total 0.

Among the insiders who bought shares, Coughlin Stephen acquired of 47,000 shares on Mar 04 at a per-share price of $21.30. This resulted in the EVP and CFO holding 67,622 shares of AES after the transaction.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. AES’s most recent ex-dividend date was 1/31/2023 when it declared a $0.1659 quarterly dividend that was paid in cash on 2/15/2023. Previously, the company paid the dividend on 11/15/2022 with an ex-dividend date of 10/31/2022. The AES stock dividend was $0.1580 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AES in the last 3 months, the mean price target is $31.09 with high estimates of $33.00 and low estimates of $26.00. In terms of 52-week highs and lows, AES has a high of $29.89 and a low of $18.62.

As of this writing, AES has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.44. The company reported an EPS of $0.21 in the last quarter, which was -25.00% lower than expectations of $0.28.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AES is Hold with a score of 5.00. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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