Traders Buy High Volume of AES Put Options (AES)

AES Corp (NYSE:AES) was the target of some unusual options trading activity on Wednesday. Investors purchased 6,496 put options on the stock. This is an increase of approximately 6,961% compared to the average volume of 92 put options.

Several equities analysts recently issued reports on AES shares. Bank of America downgraded shares of AES from a “neutral” rating to an “underperform” rating and set a $12.50 price objective on the stock. in a research note on Monday, July 2nd. UBS Group increased their price target on shares of AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 20th. Morgan Stanley reaffirmed a “hold” rating and set a $14.50 price target (up previously from $14.00) on shares of AES in a research note on Thursday, October 11th. Zacks Investment Research downgraded shares of AES from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.00.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of AES by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,153,056 shares of the utilities provider’s stock worth $24,480,000 after acquiring an additional 82,432 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of AES by 4.3% in the first quarter. Russell Investments Group Ltd. now owns 482,803 shares of the utilities provider’s stock worth $5,482,000 after acquiring an additional 20,114 shares in the last quarter. Stifel Financial Corp increased its position in shares of AES by 2.2% in the first quarter. Stifel Financial Corp now owns 209,738 shares of the utilities provider’s stock worth $2,419,000 after acquiring an additional 4,462 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of AES in the first quarter worth $1,103,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of AES by 209.6% in the first quarter. The Manufacturers Life Insurance Company now owns 1,918,267 shares of the utilities provider’s stock worth $21,810,000 after acquiring an additional 1,298,686 shares in the last quarter. 96.65% of the stock is currently owned by institutional investors.

NYSE:AES opened at $15.08 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 3.24. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 1.44 and a beta of 1.20. AES has a fifty-two week low of $9.86 and a fifty-two week high of $15.39.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $3.41 billion. AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. On average, equities analysts predict that AES will post 1.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, October 31st. AES’s dividend payout ratio is currently 48.15%.

About AES

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.

Further Reading: Analyzing a company’s cash flow statement

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