AES Corp (NYSE:AES) Short Interest Update

AES Corp (NYSE:AES) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 13,370,000 shares, an increase of 6.6% from the June 30th total of 12,540,000 shares. Based on an average trading volume of 6,590,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.0% of the shares of the company are sold short.

A number of equities research analysts have recently issued reports on the stock. Seaport Global Securities assumed coverage on shares of AES in a research report on Wednesday, May 20th. They issued a “buy” rating and a $17.00 target price for the company. ValuEngine cut shares of AES from a “hold” rating to a “sell” rating in a research report on Tuesday, April 21st. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Monday, April 13th. TheStreet raised shares of AES from a “c” rating to a “b-” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of AES from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.67.

In other AES news, Director Jeffrey W. Ubben bought 500,000 shares of AES stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $11.67 per share, with a total value of $5,835,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.54% of the company’s stock.

A number of large investors have recently modified their holdings of AES. Guggenheim Capital LLC lifted its stake in AES by 6.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,193,591 shares of the utilities provider’s stock valued at $23,752,000 after acquiring an additional 74,096 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of AES by 51.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 17,857 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 6,056 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of AES by 6.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 65,635 shares of the utilities provider’s stock valued at $1,307,000 after purchasing an additional 4,045 shares during the last quarter. Franklin Resources Inc. increased its position in shares of AES by 11.9% during the 4th quarter. Franklin Resources Inc. now owns 20,991 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 2,237 shares during the last quarter. Finally, Centre Asset Management LLC purchased a new stake in AES in the 1st quarter worth about $5,165,000. Institutional investors and hedge funds own 92.93% of the company’s stock.

AES stock opened at $15.23 on Friday. The business has a 50 day moving average of $14.34 and a 200-day moving average of $15.28. AES has a 1 year low of $8.11 and a 1 year high of $21.23. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.06 and a quick ratio of 0.97. The company has a market capitalization of $10.13 billion, a P/E ratio of 34.61, a P/E/G ratio of 1.55 and a beta of 0.99.

AES (NYSE:AES) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.73 billion. AES had a net margin of 2.97% and a return on equity of 23.42%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. Equities analysts anticipate that AES will post 1.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.1433 per share. This represents a $0.57 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, July 31st. AES’s dividend payout ratio (DPR) is presently 41.91%.

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.

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