AES Corp (NYSE:AES) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 14,545,700 shares, an increase of 9.8% from the May 30th total of 13,245,900 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 5,740,000 shares, the short-interest ratio is presently 2.5 days.

AES opened at $17.15 on Tuesday. AES has a fifty-two week low of $12.71 and a fifty-two week high of $18.52. The company has a quick ratio of 1.21, a current ratio of 1.34 and a debt-to-equity ratio of 3.27. The firm has a fifty day moving average price of $16.70. The stock has a market capitalization of $11.34 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04.

AES (NYSE:AES) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). AES had a net margin of 6.32% and a return on equity of 19.05%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that AES will post 1.33 earnings per share for the current year.

A number of research analysts have weighed in on AES shares. Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, June 4th. Argus cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Finally, Bank of America set a $7.00 price objective on shares of CannTrust and gave the company a “buy” rating in a report on Thursday, June 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $16.02.

In other AES news, insider Jeffrey W. Ubben bought 2,582,000 shares of AES stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $16.10 per share, with a total value of $41,570,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey W. Ubben bought 2,482,000 shares of AES stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average cost of $16.11 per share, with a total value of $39,985,020.00. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clark Capital Management Group Inc. acquired a new position in AES during the second quarter worth about $20,005,000. Nisa Investment Advisors LLC boosted its position in AES by 3.6% during the second quarter. Nisa Investment Advisors LLC now owns 598,787 shares of the utilities provider’s stock worth $10,036,000 after acquiring an additional 20,793 shares during the last quarter. Hennessy Advisors Inc. boosted its position in AES by 3.0% during the second quarter. Hennessy Advisors Inc. now owns 1,340,200 shares of the utilities provider’s stock worth $22,462,000 after acquiring an additional 39,100 shares during the last quarter. DAVENPORT & Co LLC boosted its position in AES by 3.2% during the second quarter. DAVENPORT & Co LLC now owns 90,115 shares of the utilities provider’s stock worth $1,510,000 after acquiring an additional 2,756 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its position in AES by 99.1% during the second quarter. Douglass Winthrop Advisors LLC now owns 130,838 shares of the utilities provider’s stock worth $2,193,000 after acquiring an additional 65,138 shares during the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.

About AES

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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