In a filing, The AES Corporation revealed its President and CEO Gluski Andres unloaded Company’s shares for reported $21.28 million on Dec 28. In the deal valued at $28.43 per share,748,625 shares were sold. As a result of this transaction, Gluski Andres now holds 1,285,504 shares worth roughly $ 32.55 million.
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Then, MILLER JAMES H sold 19,280 shares, generating $418,073 in total proceeds. Upon selling the shares at $21.68, the Director now owns 0 shares.
Before that, Coughlin Stephen bought 47,000 shares. The AES Corporation shares valued at $1,001,100 were divested by the EVP and CFO at a price of $21.30 per share. As a result of the transaction, Coughlin Stephen now holds 67,622 shares, worth roughly $1.71 million.
Credit Suisse initiated its The AES Corporation [AES] rating to a Neutral in a research note published on Friday, April 26, 2022; the price target was $25. PT values the company’s stock at a premium of -1.28 to its Friday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Goldman began covering AES with “Buy” recommendation on November 30, 2021. Wolfe Research revised its rating on August 06, 2021. It rated AES as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of AES
On Friday, The AES Corporation [NYSE:AES] saw its stock fall -0.28% to $25.32. On the same session, the stock had its day’s lowest price of $24.905, but rose to a high of $25.50. Over the last five days, the stock has lost -3.98%. The AES Corporation shares have fallen nearly -11.96% since the year began. Nevertheless, the stocks have risen 23.21% over the past one year. While a 52-week high of $29.89 was reached on 01/03/23, a 52-week low of $18.62 was recorded on 02/24/23. SMA at 50 days reached $27.18, while 200 days put it at $24.76. A total of 3.86 million shares were traded, compared to the trading of 7.17 million shares in the previous session.
Levels Of Support And Resistance For AES Stock
The 24-hour chart illustrates a support level at 24.98, which if violated will result in even more drops to 24.65. On the upside, there is a resistance level at 25.58. A further resistance level may holdings at 25.84. The Relative Strength Index (RSI) on the 14-day chart is 36.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.75%. Stochastics %K at 11.36% indicates the stock is a buying.
How much short interest is there in The AES Corporation?
A steep rise in short interest was recorded in The AES Corporation stocks on Jan 12, 2023, dropping by -0.99 million shares to a total of 12.13 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 13.12 million shares. There was a decline of -8.16%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.38% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.04.
The AES Corporation [AES] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 81,005,231 shares, or roughly 12.13% of the outstanding AES shares. In other words, the investor’s shares have fallen by -1,652,513 from its previous 13-F filing of 82657744.0. Additionally, Capital Research & Management Co increased 2.17% of its stake after which the total value it holdings stand at $1,903,446,911, while Capital Research & Management Co added 1.14% of its stake to hold $1.71 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,949,206 shares of The AES Corporation, while SSgA Funds Management, Inc. bought -1,339,931 shares. At present, Fidelity Management & Research Co is holding 25,609,433 shares valued at $701.95 million. Orbis Investment Management Ltd. owned 17,642,207 shares of the company at the time of its most recent 13F filing, worth $483.57 million.
According to FactSet, The AES Corporation’s share price will average $31.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.06 percent from its previous closing price of $25.39. Analysts expect The AES Corporation stock to reach the higher price of $33.00, while the lowest price estimate is $30.00. However, 13 analysts have rated AES stock as a Buy in their predictions for 2023. The most recent change occurred on June 21, 2021 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $32 price target.