Traders Sell Shares of AES (AES) on Strength (AES)
Investors sold shares of AES Corp (NYSE:AES) on strength during trading hours on Thursday. $8.36 million flowed into the stock on the tick-up and $41.70 million flowed out of the stock on the tick-down, for a money net flow of $33.34 million out of the stock. Of all stocks tracked, AES had the 0th highest net out-flow for the day. AES traded up $0.22 for the day and closed at $13.45
A number of brokerages recently issued reports on AES. Zacks Investment Research lowered shares of AES from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Bank of America lowered shares of AES from a “neutral” rating to an “underperform” rating and set a $12.50 price objective for the company. in a report on Monday, July 2nd. Finally, UBS Group upped their price objective on shares of AES from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, June 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.17.
The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.18 and a current ratio of 1.32. The stock has a market cap of $8.75 billion, a P/E ratio of 12.55, a PEG ratio of 1.36 and a beta of 1.22.
The business also recently announced a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Friday, August 3rd were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 3.84%. AES’s payout ratio is currently 48.15%.
A number of hedge funds and other institutional investors have recently bought and sold shares of AES. Victory Capital Management Inc. lifted its position in AES by 6,197.9% in the first quarter. Victory Capital Management Inc. now owns 657,377 shares of the utilities provider’s stock valued at $7,474,000 after buying an additional 646,939 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in AES by 7.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 373,023 shares of the utilities provider’s stock valued at $4,242,000 after buying an additional 24,533 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in AES in the first quarter valued at about $899,000. Schwab Charles Investment Management Inc. lifted its position in shares of AES by 4.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 4,270,001 shares of the utilities provider’s stock worth $48,550,000 after purchasing an additional 176,761 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its position in shares of AES by 59.4% during the first quarter. ETRADE Capital Management LLC now owns 68,966 shares of the utilities provider’s stock worth $784,000 after purchasing an additional 25,702 shares in the last quarter. 96.68% of the stock is currently owned by institutional investors.
AES Company Profile (NYSE: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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