Santos Bernerd Da Buys 4,700 Shares of The AES Corporation (AES) Stock

The AES Corporation (NYSE:AES) COO Santos Bernerd Da bought 4,700 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $10.60 per share, for a total transaction of $49,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of The AES Corporation (AES) traded up $0.59 during mid-day trading on Tuesday, reaching $10.82. The company’s stock had a trading volume of 8,512,700 shares, compared to its average volume of 5,305,134. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99. The AES Corporation has a 12 month low of $10.00 and a 12 month high of $12.47. The firm has a market capitalization of $6,755.75, a P/E ratio of 10.13, a P/E/G ratio of 1.03 and a beta of 1.22.

The AES Corporation (NYSE:AES) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The AES Corporation had a negative net margin of 5.43% and a positive return on equity of 15.14%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. analysts anticipate that The AES Corporation will post 1.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.44%. The AES Corporation’s payout ratio is currently -41.03%.

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A number of analysts have recently issued reports on AES shares. ValuEngine lowered The AES Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised The AES Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Bank of America Corporation raised The AES Corporation from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday. Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price target on shares of The AES Corporation 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 stock. The AES Corporation has an average rating of “Hold” and a consensus target price of $12.75.

A number of hedge funds have recently modified their holdings of the business. Northern Capital Management LLC boosted its position in shares of The AES Corporation by 21.3% during the second quarter. Northern Capital Management LLC now owns 93,000 shares of the utilities provider’s stock worth $1,033,000 after buying an additional 16,350 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of The AES Corporation by 5.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock worth $110,841,000 after buying an additional 541,021 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of The AES Corporation by 14.1% during the second quarter. Xact Kapitalforvaltning AB now owns 50,698 shares of the utilities provider’s stock worth $563,000 after buying an additional 6,283 shares during the period. Nationwide Fund Advisors boosted its position in shares of The AES Corporation by 9.7% during the second quarter. Nationwide Fund Advisors now owns 1,152,274 shares of the utilities provider’s stock worth $12,802,000 after buying an additional 102,083 shares during the period. Finally, Hancock Holding Co. boosted its position in shares of The AES Corporation by 15.8% during the second quarter. Hancock Holding Co. now owns 97,402 shares of the utilities provider’s stock worth $1,083,000 after buying an additional 13,293 shares during the period. Institutional investors own 94.25% of the company’s stock.

About The AES Corporation

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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