Traders Buy Large Volume of AES Put Options (NYSE:AES)

AES Corp (NYSE:AES) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 7,691 put options on the stock. This is an increase of 11,210% compared to the average daily volume of 68 put options.

A number of institutional investors and hedge funds have recently modified their holdings of AES. Vanguard Group Inc. increased its stake in AES by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 86,683,976 shares of the utilities provider’s stock worth $1,452,823,000 after acquiring an additional 739,897 shares during the last quarter. BlackRock Inc. grew its holdings in shares of AES by 2.8% during the second quarter. BlackRock Inc. now owns 62,062,199 shares of the utilities provider’s stock worth $1,040,161,000 after purchasing an additional 1,688,310 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of AES by 3.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,516,331 shares of the utilities provider’s stock worth $204,518,000 after purchasing an additional 403,482 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of AES by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 9,931,902 shares of the utilities provider’s stock worth $166,458,000 after purchasing an additional 691,328 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of AES by 59.8% in the second quarter. Renaissance Technologies LLC now owns 9,930,500 shares of the utilities provider’s stock worth $166,435,000 after purchasing an additional 3,716,600 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of AES stock traded up $0.19 during trading hours on Thursday, hitting $19.10. 44,835 shares of the company’s stock traded hands, compared to its average volume of 6,313,317. The company has a fifty day simple moving average of $18.11 and a 200-day simple moving average of $16.69. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.10 and a quick ratio of 1.00. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.65 and a beta of 1.09. AES has a 12-month low of $13.55 and a 12-month high of $19.23.

AES (NYSE:AES) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.08. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.90 billion. AES had a net margin of 4.90% and a return on equity of 22.67%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. On average, analysts forecast that AES will post 1.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.1433 per share. The ex-dividend date is Thursday, January 30th. This is an increase from AES’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 3.00%. AES’s dividend payout ratio is 44.35%.

A number of equities analysts recently issued reports on AES shares. ValuEngine raised shares of AES from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. TheStreet raised shares of AES from a “c+” rating to a “b” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their price target on shares of AES from $17.50 to $18.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. AES has an average rating of “Buy” and a consensus target price of $17.64.

AES Company Profile

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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