Investors Sell The AES Corporation (NYSE:AES) on Strength (NYSE:AES)
Traders sold shares of The AES Corporation (NYSE:AES) on strength during trading hours on Thursday. $10.19 million flowed into the stock on the tick-up and $20.35 million flowed out of the stock on the tick-down, for a money net flow of $10.16 million out of the stock. Of all companies tracked, The AES Corporation had the 23rd highest net out-flow for the day. The AES Corporation traded up $0.13 for the day and closed at $11.38
AES has been the topic of several research analyst reports. ValuEngine cut shares of The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub raised shares of The AES Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The AES Corporation presently has an average rating of “Hold” and a consensus price target of $11.75.
The company’s 50-day moving average price is $11.18 and its 200-day moving average price is $11.37. The stock’s market cap is $7.51 billion.
The AES Corporation (NYSE:AES) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the previous year, the company earned $0.17 EPS. The AES Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts forecast that The AES Corporation will post $1.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Tuesday, August 1st. The AES Corporation’s dividend payout ratio (DPR) is -42.10%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bank bought a new stake in shares of The AES Corporation during the first quarter valued at approximately $411,000. Jane Street Group LLC bought a new stake in shares of The AES Corporation during the first quarter valued at approximately $117,000. Ffcm LLC boosted its stake in shares of The AES Corporation by 171.8% in the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after buying an additional 6,634 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock valued at $127,000 after buying an additional 5,489 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in shares of The AES Corporation during the first quarter valued at approximately $132,000. Institutional investors own 93.57% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Investors Sell The AES Corporation (NYSE:AES) on Strength (NYSE:AES)” was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/investors-sell-the-aes-corporation-nyseaes-on-strength-nyseaes/1470886.html.
The AES Corporation Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
Receive News & Ratings for The AES Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The AES Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.