The AES Corporation (AES) Short Interest Down 24.2% in October
The AES Corporation (NYSE:AES) was the recipient of a significant decrease in short interest in the month of October. As of October 13th, there was short interest totalling 7,896,103 shares, a decrease of 24.2% from the September 29th total of 10,411,711 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 2,596,552 shares, the short-interest ratio is currently 3.0 days.
AES has been the topic of a number of recent analyst reports. ValuEngine lowered The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised The AES Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $12.00 price objective on shares of The AES Corporation in a report on Monday, September 11th. Finally, Bank of America Corporation raised The AES Corporation from an “underperform” rating to a “neutral” rating and set a $11.50 price objective on the stock in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $12.63.
Several institutional investors have recently added to or reduced their stakes in AES. Assenagon Asset Management S.A. bought a new position in shares of The AES Corporation during the 3rd quarter valued at approximately $21,256,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of The AES Corporation during the 2nd quarter valued at approximately $20,890,000. Parametric Portfolio Associates LLC grew its position in shares of The AES Corporation by 60.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock valued at $30,628,000 after acquiring an additional 1,040,302 shares during the period. Teachers Advisors LLC grew its position in shares of The AES Corporation by 75.9% during the 2nd quarter. Teachers Advisors LLC now owns 1,593,300 shares of the utilities provider’s stock valued at $17,702,000 after acquiring an additional 687,604 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of The AES Corporation by 5.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock valued at $110,841,000 after acquiring an additional 541,021 shares during the period. 93.18% of the stock is owned by hedge funds and other institutional investors.
Shares of The AES Corporation (AES) opened at $10.49 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22.
The AES Corporation (NYSE:AES) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The AES Corporation had a negative net margin of 5.43% and a positive return on equity of 15.14%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. research analysts anticipate that The AES Corporation will post 1.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Tuesday, October 31st. The AES Corporation’s dividend payout ratio is currently -41.03%.
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.
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