AES Corp (AES) Short Interest Up 31.0% in December
AES Corp (NYSE:AES) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 13,452,408 shares, a growth of 31.0% from the November 30th total of 10,266,495 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 7,113,735 shares, the short-interest ratio is presently 1.9 days.
AES (AES) opened at $10.83 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20. AES has a twelve month low of $10.00 and a twelve month high of $12.06. The stock has a market capitalization of $7,151.99, a PE ratio of -9.26, a P/E/G ratio of 1.30 and a beta of 1.21.
AES (NYSE:AES) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts predict that AES will post 1.01 EPS for the current fiscal year.
AES has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Wednesday, December 13th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Bank of America upgraded shares of AES from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, September 5th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $12.00 target price on shares of AES in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.70.
In other news, insider Andres Gluski bought 24,632 shares of AES stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $10.17 per share, for a total transaction of $250,507.44. Following the purchase, the insider now owns 868,396 shares of the company’s stock, valued at $8,831,587.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas M. O’flynn bought 9,500 shares of AES stock in a transaction dated Monday, November 13th. The stock was purchased at an average price 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 approximately $2,331,553.84. The disclosure for this purchase can be found here. Insiders bought a total of 38,832 shares of company stock worth $401,407 in the last 90 days. 1.09% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Ffcm LLC raised its holdings in shares of AES by 171.8% in the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after buying an additional 6,634 shares during the last quarter. Cypress Capital Group bought a new position in shares of AES in the third quarter valued at about $138,000. Piedmont Investment Advisors LLC bought a new position in shares of AES in the third quarter valued at about $668,000. ETRADE Capital Management LLC raised its holdings in shares of AES by 25.3% in the third quarter. ETRADE Capital Management LLC now owns 62,722 shares of the utilities provider’s stock valued at $691,000 after buying an additional 12,669 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of AES by 171.0% in the third quarter. Sterling Capital Management LLC now owns 82,609 shares of the utilities provider’s stock valued at $910,000 after buying an additional 52,127 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.
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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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