AES Corp (NYSE:AES) was the recipient of unusually large options trading on Friday. Stock traders purchased 14,597 call options on the stock. This represents an increase of 3,327% compared to the typical volume of 426 call options.
AES has been the subject of several recent analyst reports. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and set a $11.50 price objective for the company in a research note on Tuesday, October 24th. Finally, Morgan Stanley dropped their price objective on 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.70.
In related news, insider Andres Gluski acquired 24,632 shares of the company’s stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, for a total transaction of $250,507.44. Following the completion of the purchase, the insider now directly owns 868,396 shares of the company’s stock, valued at approximately $8,831,587.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Santos Bernerd Da acquired 4,700 shares of the company’s stock in a transaction on Monday, November 13th. The shares were bought at an average price of $10.60 per share, with a total value of $49,820.00. Following the completion of the purchase, the chief operating officer now directly owns 96,186 shares of the company’s stock, valued at $1,019,571.60. The disclosure for this purchase can be found here. Insiders have acquired 38,832 shares of company stock valued at $401,407 over the last quarter. Corporate insiders own 1.09% of the company’s stock.
Shares of AES (NYSE:AES) opened at $11.72 on Monday. AES has a 12 month low of $10.00 and a 12 month high of $12.05. The firm has a market capitalization of $7,740.00, a price-to-earnings ratio of -390.67, a PEG ratio of 1.22 and a beta of 1.21. 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 (NYSE:AES) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share 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 analyst estimates of $3.63 billion. During the same quarter last year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. sell-side analysts predict that AES will post 1.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This is a positive change from AES’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.44%. AES’s dividend payout ratio (DPR) is -1,600.00%.
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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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