The AES Co. (NYSE:AES) CFO Thomas M. O’flynn purchased 9,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $10.64 per share, for a total transaction of $101,080.00. Following the purchase, the chief financial officer now directly owns 219,131 shares in the company, valued at $2,331,553.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of The AES Co. (NYSE:AES) traded up $0.03 during mid-day trading on Thursday, reaching $10.87. 6,803,000 shares of the company’s stock traded hands, compared to its average volume of 5,332,863. The firm has a market cap of $7,158.59, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.30 and a beta of 1.22. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99. The AES Co. has a 52 week low of $10.00 and a 52 week high of $12.47.
The AES (NYSE:AES) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. The AES had a return on equity of 19.64% and a net margin of 6.53%. The AES’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 earnings per share. equities research analysts predict that The AES Co. will post 1.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.42%. The ex-dividend date was Tuesday, October 31st. The AES’s dividend payout ratio is currently -41.03%.
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Several research firms recently issued reports on AES. Zacks Investment Research raised shares of The AES from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, August 24th. BidaskClub raised shares of The AES from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. ValuEngine raised shares of The AES from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $15.00 price target on shares of The AES in a research note on Wednesday, September 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $12.00 price target on shares of The AES in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.75.
A number of hedge funds have recently made changes to their positions in AES. Assenagon Asset Management S.A. acquired a new position in The AES during the 3rd quarter worth $21,256,000. Parametric Portfolio Associates LLC grew its holdings in The AES by 60.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock worth $30,628,000 after acquiring an additional 1,040,302 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in The AES by 7.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock worth $118,500,000 after acquiring an additional 776,527 shares in the last quarter. Teachers Advisors LLC grew its holdings in The AES by 75.9% during the 2nd quarter. Teachers Advisors LLC now owns 1,593,300 shares of the utilities provider’s stock worth $17,702,000 after acquiring an additional 687,604 shares in the last quarter. Finally, Capital International Investors grew its holdings in The AES by 2.4% during the 3rd quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock worth $265,860,000 after acquiring an additional 567,371 shares in the last quarter. 94.25% of the stock is owned by institutional investors.
About The AES
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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