The AES Corporation (NYSE:AES) CFO Thomas M. O’flynn purchased 9,500 shares of the business’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $10.64 per share, with a total value of $101,080.00. Following the completion of the acquisition, the chief financial officer now owns 219,131 shares in the company, valued at $2,331,553.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of The AES Corporation (NYSE:AES) traded up $0.02 during trading hours on Wednesday, reaching $10.84. 9,935,500 shares of the company were exchanged, compared to its average volume of 5,326,181. The stock has a market cap of $7,145.38, a PE ratio of 10.71, a PEG ratio of 1.09 and a beta of 1.22. The AES Corporation has a one year low of $10.00 and a one year high of $12.47. 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 (NYSE:AES) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations 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 AES Corporation’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. equities research analysts predict that The AES Corporation will post 1.02 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. SunTrust Banks, Inc. restated a “buy” rating and set a $15.00 price objective on shares of The AES Corporation in a research report on Wednesday, September 13th. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Thursday, August 17th. BidaskClub cut shares of The AES Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $12.00 price objective on shares of The AES Corporation in a research report on Monday, September 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The AES Corporation has an average rating of “Hold” and a consensus price target of $12.75.
A number of large investors have recently modified their holdings of AES. Assenagon Asset Management S.A. purchased a new position in The AES Corporation in the 3rd quarter worth $21,256,000. Parametric Portfolio Associates LLC raised its position in The AES Corporation by 60.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock worth $30,628,000 after purchasing an additional 1,040,302 shares during the period. Thompson Siegel & Walmsley LLC raised its position in The AES Corporation by 7.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock worth $118,500,000 after purchasing an additional 776,527 shares during the period. Teachers Advisors LLC raised its position in The AES Corporation by 75.9% in the 2nd quarter. Teachers Advisors LLC now owns 1,593,300 shares of the utilities provider’s stock worth $17,702,000 after purchasing an additional 687,604 shares during the period. Finally, Capital International Investors raised its position in The AES Corporation by 2.4% in the 3rd quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock worth $265,860,000 after purchasing an additional 567,371 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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