The AES Corporation (AES) Trading -0.7% Higher on Insider Buying Activity
Shares of The AES Corporation (NYSE:AES) traded up 0.7% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as $10.84 and last traded at $10.23. 26,490,400 shares were traded during mid-day trading, an increase of 401% from the average session volume of 5,290,420 shares. The stock had previously closed at $10.30.
Specifically, insider Andres Gluski acquired 24,632 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, with a total value of $250,507.44. Following the completion of the acquisition, the insider now directly owns 868,396 shares in the company, valued at $8,831,587.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.09% of the stock is owned by insiders.
Several equities analysts have recently commented on AES shares. ValuEngine lowered The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised The AES Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, September 5th. Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 price objective on shares of The AES Corporation in a report on Monday, September 11th. Finally, Bank of America Corporation raised The AES Corporation from an “underperform” rating to a “neutral” rating and set a $11.50 price objective for the company in a report on Tuesday, October 24th. Two equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $12.75.
The company has a market capitalization of $7,150.00, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.03 and a beta of 1.22. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.99 and a quick ratio of 0.89.
The AES Corporation (NYSE:AES) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.63 billion. The AES Corporation had a positive return on equity of 15.14% and a negative net margin of 5.43%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. research analysts anticipate that The AES Corporation will post 1.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.12 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.44%. The AES Corporation’s dividend payout ratio (DPR) is -1,600.00%.
Large investors have recently made changes to their positions in the company. Ffcm LLC lifted its position in shares of The AES Corporation by 171.8% during the 2nd quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 6,634 shares during the last quarter. Community Bank & Trust Waco Texas acquired a new stake in shares of The AES Corporation during the 2nd quarter valued at $134,000. Huntington National Bank lifted its position in shares of The AES Corporation by 62.7% during the 2nd quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 5,492 shares during the last quarter. IFP Advisors Inc lifted its position in shares of The AES Corporation by 80.5% during the 2nd quarter. IFP Advisors Inc now owns 20,452 shares of the utilities provider’s stock valued at $227,000 after acquiring an additional 9,123 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of The AES Corporation by 6.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 24,270 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 1,420 shares during the last quarter. Institutional investors own 94.25% of the company’s stock.
The AES Corporation 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 The AES Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The AES Corporation and related companies with MarketBeat.com's FREE daily email newsletter.