Traders Purchase High Volume of AES Call Options (AES)

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.

Several large investors have recently made changes to their positions in AES. Mutual of America Capital Management LLC increased its stake in shares of AES by 51.8% in the second quarter. Mutual of America Capital Management LLC now owns 132,133 shares of the utilities provider’s stock valued at $1,468,000 after buying an additional 45,083 shares in the last quarter. Cibc World Markets Corp increased its stake in shares of AES by 14.7% in the second quarter. Cibc World Markets Corp now owns 191,283 shares of the utilities provider’s stock valued at $2,125,000 after buying an additional 24,444 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of AES by 60.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock valued at $30,628,000 after buying an additional 1,040,302 shares in the last quarter. Hancock Holding Co. increased its stake in shares of AES by 15.8% in the second quarter. Hancock Holding Co. now owns 97,402 shares of the utilities provider’s stock valued at $1,083,000 after buying an additional 13,293 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its stake in shares of AES by 20.5% in the second quarter. Balyasny Asset Management LLC now owns 288,539 shares of the utilities provider’s stock valued at $3,206,000 after buying an additional 48,995 shares in the last quarter. Institutional investors own 92.90% 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%.

ILLEGAL ACTIVITY NOTICE: “Traders Purchase High Volume of AES Call Options (AES)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/29/traders-purchase-high-volume-of-aes-call-options-aes.html.

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.

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply