The AES Co. (NYSE:AES – Get Rating) was the target of unusually large options trading on Friday. Stock investors acquired 3,772 call options on the company. This represents an increase of approximately 141% compared to the typical daily volume of 1,567 call options.
AES Stock Performance
NYSE AES opened at $24.22 on Friday. The stock has a market cap of $16.18 billion, a PE ratio of -89.70, a P/E/G ratio of 1.87 and a beta of 0.97. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 4.64. AES has a twelve month low of $18.62 and a twelve month high of $26.52. The stock has a fifty day simple moving average of $21.09 and a 200-day simple moving average of $21.95.
AES (NYSE:AES – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). AES had a positive return on equity of 33.02% and a negative net margin of 2.21%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts anticipate that AES will post 1.6 earnings per share for the current year.
AES Announces Dividend
Analyst Upgrades and Downgrades
AES has been the topic of a number of recent research reports. Susquehanna dropped their target price on AES from $32.00 to $30.00 in a research report on Tuesday, May 10th. Morgan Stanley dropped their target price on AES from $29.00 to $28.50 and set an “overweight” rating on the stock in a research report on Thursday, June 23rd. Credit Suisse Group initiated coverage on AES in a research report on Monday, April 25th. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, Susquehanna Bancshares dropped their target price on AES from $32.00 to $30.00 in a research report on Tuesday, May 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, AES presently has an average rating of “Moderate Buy” and an average price target of $28.50.
Hedge Funds Weigh In On AES
A number of hedge funds and other institutional investors have recently bought and sold shares of AES. Capital World Investors raised its position in AES by 16.3% in the 1st quarter. Capital World Investors now owns 64,885,769 shares of the utilities provider’s stock valued at $1,669,511,000 after purchasing an additional 9,070,170 shares in the last quarter. Capital International Investors raised its position in AES by 11.5% in the 4th quarter. Capital International Investors now owns 69,975,664 shares of the utilities provider’s stock valued at $1,700,403,000 after purchasing an additional 7,233,542 shares in the last quarter. AGF Investments Inc. raised its position in AES by 92.1% in the 1st quarter. AGF Investments Inc. now owns 5,764,558 shares of the utilities provider’s stock valued at $148,322,000 after purchasing an additional 2,763,753 shares in the last quarter. Third Point LLC raised its position in AES by 53.3% in the 4th quarter. Third Point LLC now owns 5,750,000 shares of the utilities provider’s stock valued at $139,725,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, Southpoint Capital Advisors LP raised its position in AES by 20.5% in the 4th quarter. Southpoint Capital Advisors LP now owns 10,000,000 shares of the utilities provider’s stock valued at $243,000,000 after purchasing an additional 1,700,000 shares in the last quarter. 92.97% of the stock is currently owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on AES (AES)
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