An issue of The AES Co. (NYSE:AES) debt fell 0.5% against its face value during trading on Thursday. The high-yield issue of debt has a 8% coupon and will mature on June 1, 2020. The bonds in the issue are now trading at $113.25 and were trading at $114.23 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of The AES from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday, August 24th. BidaskClub upgraded shares of The AES from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. ValuEngine upgraded shares of The AES from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $15.00 price objective on shares of The AES in a report on Wednesday, September 13th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $12.00 price objective on shares of The AES in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The AES has a consensus rating of “Hold” and an average target price of $12.75.

Shares of The AES Co. (NYSE:AES) traded down $0.10 during midday trading on Thursday, reaching $10.77. 5,911,406 shares of the company traded hands, compared to its average volume of 5,335,469. The AES Co. has a fifty-two week low of $10.00 and a fifty-two week high of $12.47. The firm has a market capitalization of $7,110.00, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.30 and a beta of 1.22. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.99 and a quick ratio of 0.89.

The AES (NYSE:AES) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The AES had a net margin of 6.53% and a return on equity of 19.64%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts anticipate that The AES Co. will post 1.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Tuesday, October 31st. The AES’s payout ratio is presently -1,600.00%.

In other news, COO Santos Bernerd Da bought 4,700 shares of the stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $10.60 per share, with a total value of $49,820.00. Following the completion of the purchase, the chief operating officer now owns 96,186 shares of the company’s stock, valued at $1,019,571.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andres Gluski bought 24,632 shares of the stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, with a total value of $250,507.44. Following the purchase, the insider now directly owns 868,396 shares of the company’s stock, valued at approximately $8,831,587.32. The disclosure for this purchase can be found here. Insiders acquired 38,832 shares of company stock valued at $401,407 in the last ninety days. Insiders own 1.09% of the company’s stock.

A number of large investors have recently modified their holdings of AES. Assenagon Asset Management S.A. bought a new stake in The AES in the third quarter valued at approximately $21,256,000. Parametric Portfolio Associates LLC increased its stake in The AES by 60.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock valued at $30,628,000 after purchasing an additional 1,040,302 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in The AES by 7.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock valued at $118,500,000 after purchasing an additional 776,527 shares in the last quarter. Teachers Advisors LLC increased its position in shares of The AES by 75.9% during the second quarter. Teachers Advisors LLC now owns 1,593,300 shares of the utilities provider’s stock worth $17,702,000 after acquiring an additional 687,604 shares in the last quarter. Finally, Capital International Investors increased its position in shares of The AES by 2.4% during the third quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock worth $265,860,000 after acquiring an additional 567,371 shares in the last quarter. 94.25% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/the-aes-co-aes-debt-trading-0-5-lower/1708322.html.

About The AES

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 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The AES Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.