AES Corp (AES) Short Interest Update

AES Corp (NYSE:AES) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 21,895,682 shares, an increase of 50.8% from the January 12th total of 14,517,838 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 14,858,273 shares, the days-to-cover ratio is presently 1.5 days.

AES has been the subject of a number of research reports. SunTrust Banks set a $14.00 target price on AES and gave the stock a “buy” rating in a research note on Monday. ValuEngine cut shares of AES from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. UBS Group initiated coverage on shares of AES in a research note on Friday, February 2nd. They set a “neutral” rating and a $12.00 price target for the company. Bank of America raised shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 price target for the company in a research note on Tuesday, October 24th. Finally, Morgan Stanley decreased their price target on shares of AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research note on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.42.

Shares of AES (NYSE AES) traded down $0.05 on Wednesday, hitting $10.27. 5,929,061 shares of the stock traded hands, compared to its average volume of 10,802,509. The company has a market cap of $6,782.17, a PE ratio of -8.82, a P/E/G ratio of 1.09 and a beta of 1.26. AES has a one year low of $9.86 and a one year high of $12.05. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.13 per share. This is a boost from AES’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Wednesday, January 31st. AES’s dividend payout ratio (DPR) is currently -44.44%.

Several institutional investors and hedge funds have recently modified their holdings of AES. Capital International Investors grew its stake in shares of AES by 2.4% in the third quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock valued at $265,860,000 after buying an additional 567,371 shares in the last quarter. Aristotle Capital Management LLC grew its stake in shares of AES by 7.3% in the fourth quarter. Aristotle Capital Management LLC now owns 17,420,583 shares of the utilities provider’s stock valued at $188,665,000 after buying an additional 1,182,054 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of AES by 10.7% in the third quarter. Prudential Financial Inc. now owns 11,399,720 shares of the utilities provider’s stock valued at $125,625,000 after buying an additional 1,103,750 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of AES by 7.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock valued at $118,500,000 after buying an additional 776,527 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of AES by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 10,578,482 shares of the utilities provider’s stock valued at $114,566,000 after buying an additional 786,421 shares in the last quarter. 90.40% of the stock is owned by institutional investors.

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AES Company Profile

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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