Investors Buy AES (AES) on Weakness

Traders bought shares of AES Corp (NYSE:AES) on weakness during trading on Wednesday. $26.10 million flowed into the stock on the tick-up and $14.78 million flowed out of the stock on the tick-down, for a money net flow of $11.32 million into the stock. Of all companies tracked, AES had the 22nd highest net in-flow for the day. AES traded down ($0.41) for the day and closed at $15.60

Several analysts have issued reports on AES shares. Zacks Investment Research cut AES from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Morgan Stanley upped their price objective on AES from $13.50 to $14.00 and gave the company a “hold” rating in a research note on Friday, September 21st. Finally, ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. AES presently has an average rating of “Hold” and a consensus price target of $14.00.

The firm has a market cap of $9.66 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.45 and a beta of 0.97. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 3.24.

AES (NYSE:AES) last posted its earnings results on Tuesday, November 6th. The utilities provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.63 billion. AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, sell-side analysts predict that AES Corp will post 1.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, October 31st. AES’s dividend payout ratio (DPR) is presently 48.15%.

Several large investors have recently bought and sold shares of AES. Bank of Montreal Can grew its holdings in shares of AES by 292.9% during the third quarter. Bank of Montreal Can now owns 16,000,507 shares of the utilities provider’s stock valued at $224,007,000 after purchasing an additional 11,927,913 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of AES by 1,298.6% during the second quarter. Glenmede Trust Co. NA now owns 3,615,242 shares of the utilities provider’s stock valued at $48,481,000 after purchasing an additional 3,356,756 shares during the last quarter. WBI Investments Inc. bought a new position in shares of AES during the second quarter valued at approximately $40,420,000. Bank of America Corp DE grew its holdings in AES by 56.6% in the 2nd quarter. Bank of America Corp DE now owns 7,987,170 shares of the utilities provider’s stock worth $107,107,000 after buying an additional 2,887,388 shares in the last quarter. Finally, Hexavest Inc. bought a new position in AES in the 2nd quarter worth approximately $36,387,000. 98.78% of the stock is owned by institutional investors.

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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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