Capital Research & Management Co recently announced the acquisition of new stake in The AES Corporation (NYSE:AESC). The institutional investor has increased its shareholding in the Utilities company by 0.08% to 2.09 million shares with purchase of 1700.0 shares. This fresh investment now brings its stake to 20.02% valued currently at $213.01 million. In addition, Manulife Investment Management raised its holdings by 61475.0 to 1.62 million shares. And Capital Research & Management Co has lifted its position by 0.59% or 6700.0 shares – to 1.14 million shares.
With over 81458.0 The AES Corporation (AESC) shares trading Tuesday and a closing price of $97.97 on the day, the dollar volume was approximately $7.98 million. The shares have shown a positive half year performance of 17.74% and its price on 01/24/23 gained nearly 0.25%. Currently, there are 10.00M common shares owned by the public and among those 10.00M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for AESC have a consensus price objective of $31.09. The analysts have set the share’s price value over the next 12 months at a high of $33.00 and a low of $26.00. The average price target is -216.03% below its recent price level and a downside to the estimated low will see the stock lose -276.81% over that period. But a downside of -196.88% will see the stock hit the forecast high price target while median target price for the stock is $31.00.
The top 3 mutual fund holders in The AES Corporation are American Funds Income Fund of Ame, Capital Income Builder, and iShares Preferred & Income Securi. American Funds Income Fund of Ame owns 1.04 million shares of the company’s stock, all valued at over $106.4 million. iShares Preferred & Income Securi now owns shares totaling to 7.49% of the shares outstanding.
Shares of The AES Corporation (NYSE: AESC) opened at $97.29, down -$0.44 from a prior closing price of $97.73. However, the script later moved the day high at 98.16, up 0.25%. The company’s stock has a 5-day price change of -1.61% and 6.35% over the past three months. AESC shares are trading -3.96% year to date (YTD), with the 12-month market performance up to 5.05% higher. It has a 12-month low price of $79.83 and touched a high of $104.45 over the same period. AESC has an average intraday trading volume of 49.51K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.46%, -2.27%, and 4.67% respectively.
Institutional ownership of The AES Corporation (NYSE: AESC) 10.00M shares outstanding. Mutual fund holders own 23.08%, while other institutional holders and individual stakeholders account for 73.08% and — respectively.
It has a market capitalization of $18.03B. The earnings-per-share (ttm) stands at -$0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.25% over the week and 1.71% over the month.
Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 2 of the 14 advise that investors “hold,” and 0 rated it as a “Sell.”
