The AES Co. (NYSE:AES – Get Rating) saw some unusual options trading on Monday. Traders bought 2,848 call options on the stock. This represents an increase of approximately 72% compared to the typical volume of 1,658 call options.
AES Price Performance
AES stock opened at $21.16 on Tuesday. AES has a 52-week low of $18.62 and a 52-week high of $29.89. The business has a 50-day simple moving average of $23.15 and a two-hundred day simple moving average of $25.72. The company has a market capitalization of $14.16 billion, a P/E ratio of -25.80, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.00 and a current ratio of 1.13.
AES (NYSE:AES – Get Rating) last released its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). AES had a positive return on equity of 38.46% and a negative net margin of 3.59%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the company posted $0.21 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts expect that AES will post 1.73 EPS for the current fiscal year.
AES Dividend Announcement
Institutional Investors Weigh In On AES
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of AES by 28.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,572,888 shares of the utilities provider’s stock valued at $37,876,000 after purchasing an additional 351,622 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of AES by 78.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 359,690 shares of the utilities provider’s stock valued at $8,661,000 after purchasing an additional 157,960 shares during the period. Providence Capital Advisors LLC raised its position in shares of AES by 2,315.2% during the 1st quarter. Providence Capital Advisors LLC now owns 4,870,758 shares of the utilities provider’s stock valued at $202,274,000 after purchasing an additional 4,669,090 shares during the period. Chevy Chase Trust Holdings LLC increased its holdings in AES by 1.0% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 388,160 shares of the utilities provider’s stock valued at $9,347,000 after acquiring an additional 3,822 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in AES by 90.0% in the 1st quarter. Thrivent Financial for Lutherans now owns 54,340 shares of the utilities provider’s stock valued at $1,309,000 after acquiring an additional 25,734 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on AES. Royal Bank of Canada restated an “outperform” rating and set a $32.00 price objective on shares of AES in a research note on Monday, March 6th. Wolfe Research lowered AES from an “outperform” rating to a “peer perform” rating in a report on Monday, April 17th. TheStreet lowered AES from a “b-” rating to a “c” rating in a report on Monday, February 27th. UBS Group reduced their target price on AES from $30.00 to $27.00 in a report on Tuesday, May 9th. Finally, Morgan Stanley reduced their target price on AES from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AES has an average rating of “Moderate Buy” and an average price target of $30.30.
The AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU. The U.S.
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