AES Corp (NYSE:AES) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 14,899,600 shares, a growth of 6.1% from the June 30th total of 14,047,800 shares. Based on an average trading volume of 5,570,000 shares, the short-interest ratio is presently 2.7 days. Approximately 2.3% of the company’s shares are short sold.
In other news, Director Jeffrey W. Ubben purchased 200,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $15.25 per share, with a total value of $3,050,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.06% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in AES by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 86,683,976 shares of the utilities provider’s stock worth $1,452,823,000 after acquiring an additional 739,897 shares in the last quarter. BlackRock Inc. grew its holdings in AES by 2.8% during the 2nd quarter. BlackRock Inc. now owns 62,062,199 shares of the utilities provider’s stock worth $1,040,161,000 after acquiring an additional 1,688,310 shares in the last quarter. AJO LP grew its holdings in AES by 13.8% during the 1st quarter. AJO LP now owns 10,291,239 shares of the utilities provider’s stock worth $186,066,000 after acquiring an additional 1,245,605 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AES by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,931,902 shares of the utilities provider’s stock worth $166,458,000 after acquiring an additional 691,328 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in AES by 59.8% during the 2nd quarter. Renaissance Technologies LLC now owns 9,930,500 shares of the utilities provider’s stock worth $166,435,000 after acquiring an additional 3,716,600 shares in the last quarter. 94.60% of the stock is owned by institutional investors.
AES opened at $14.77 on Friday. The company has a fifty day simple moving average of $16.68 and a 200 day simple moving average of $17.06. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.34 and a beta of 1.03. AES has a twelve month low of $13.00 and a twelve month high of $18.52. The company has a current ratio of 1.36, a quick ratio of 1.24 and a debt-to-equity ratio of 3.41.
AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.43 billion. AES had a return on equity of 18.94% and a net margin of 3.78%. AES’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share. On average, analysts forecast that AES will post 1.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.137 per share. This is a positive change from AES’s previous quarterly dividend of $0.14. This represents a $0.55 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, July 31st. AES’s dividend payout ratio (DPR) is currently 44.35%.
A number of equities research analysts recently weighed in on AES shares. ValuEngine lowered shares of AES from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and set a $16.57 price target for the company in a report on Thursday, June 20th. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, June 4th. TheStreet lowered shares of AES from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, Evercore ISI set a $19.00 price target on shares of AES and gave the company a “buy” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $16.77.
AES Company Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
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