AES (NYSE:AES) Hits New 52-Week Low at $17.58

The AES Co. (NYSE:AES)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $17.58 and last traded at $17.59, with a volume of 1935343 shares changing hands. The stock had previously closed at $17.93.

Analyst Ratings Changes

A number of brokerages recently issued reports on AES. StockNews.com upgraded AES to a “sell” rating in a research note on Thursday. Bank of America cut AES from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $24.00 to $23.00 in a research note on Thursday, June 22nd. UBS Group lowered their price objective on AES from $30.00 to $27.00 in a research note on Tuesday, May 9th. Morgan Stanley restated an “overweight” rating and issued a $29.00 price objective on shares of AES in a research note on Friday, July 21st. Finally, Susquehanna reduced their target price on AES from $33.00 to $30.00 in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $28.83.

AES Stock Down 2.0 %

The company has a debt-to-equity ratio of 6.02, a current ratio of 0.94 and a quick ratio of 0.84. The company has a market cap of $11.77 billion, a PE ratio of -29.39, a price-to-earnings-growth ratio of 1.20 and a beta of 0.95. The company has a fifty day moving average price of $20.21 and a 200 day moving average price of $21.99.

AES (NYSE:AES) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). AES had a positive return on equity of 36.65% and a negative net margin of 2.70%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, analysts anticipate that The AES Co. will post 1.7 EPS for the current year.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.1659 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Monday, July 31st. AES’s payout ratio is -108.19%.

Insiders Place Their Bets

In other news, Director Maura Shaughnessy bought 12,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $19.49 per share, with a total value of $243,625.00. Following the completion of the purchase, the director now directly owns 60,653 shares in the company, valued at $1,182,126.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Maura Shaughnessy bought 12,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $19.49 per share, with a total value of $243,625.00. Following the completion of the purchase, the director now directly owns 60,653 shares in the company, valued at $1,182,126.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alain Monie bought 27,400 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost of $18.27 per share, with a total value of $500,598.00. Following the purchase, the director now owns 28,725 shares of the company’s stock, valued at $524,805.75. The disclosure for this purchase can be found here. 0.01% of the stock is owned by insiders.

Institutional Trading of AES

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in AES by 1.2% in the fourth quarter. Russell Investments Group Ltd. now owns 98,841 shares of the utilities provider’s stock valued at $2,843,000 after purchasing an additional 1,178 shares during the last quarter. HighTower Advisors LLC lifted its position in AES by 4.5% in the fourth quarter. HighTower Advisors LLC now owns 801,693 shares of the utilities provider’s stock valued at $23,030,000 after purchasing an additional 34,581 shares during the last quarter. Yousif Capital Management LLC lifted its position in AES by 2.8% in the first quarter. Yousif Capital Management LLC now owns 100,670 shares of the utilities provider’s stock valued at $2,424,000 after purchasing an additional 2,771 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of AES by 48.5% during the first quarter. Texas Permanent School Fund Corp now owns 138,957 shares of the utilities provider’s stock valued at $3,346,000 after acquiring an additional 45,369 shares in the last quarter. Finally, M&G Investment Management Ltd. raised its holdings in shares of AES by 14.1% during the first quarter. M&G Investment Management Ltd. now owns 4,585,131 shares of the utilities provider’s stock valued at $110,043,000 after acquiring an additional 568,006 shares in the last quarter. Institutional investors own 94.49% of the company’s stock.

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.