Thomas M. O’flynn Buys 9,500 Shares of The AES Corporation (AES) Stock
The AES Corporation (NYSE:AES) CFO Thomas M. O’flynn acquired 9,500 shares of The AES Corporation stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $10.64 per share, for a total transaction of $101,080.00. Following the transaction, the chief financial officer now directly owns 219,131 shares in the company, valued at $2,331,553.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
The AES Corporation (AES) traded up $0.59 during midday trading on Tuesday, hitting $10.82. The company’s stock had a trading volume of 8,512,700 shares, compared to its average volume of 5,305,134. The AES Corporation has a 1 year low of $10.00 and a 1 year high of $12.47. The company has a market cap of $6,755.75, a price-to-earnings ratio of 10.13, a PEG ratio of 1.03 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 Corporation (NYSE:AES) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the firm posted $0.32 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. analysts forecast that The AES Corporation will post 1.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.44%. The AES Corporation’s dividend payout ratio (DPR) is presently -41.03%.
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AES has been the topic of a number of research reports. BidaskClub upgraded The AES Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. ValuEngine upgraded The AES Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, August 17th. Morgan Stanley reiterated an “equal weight” rating on shares of The AES Corporation in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price target on shares of The AES Corporation in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The AES Corporation presently has a consensus rating of “Hold” and a consensus price target of $12.75.
Large investors have recently made changes to their positions in the company. Ffcm LLC lifted its stake in shares of The AES Corporation by 171.8% in the 2nd quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 6,634 shares during the period. Community Bank & Trust Waco Texas acquired a new position in shares of The AES Corporation in the 2nd quarter valued at about $134,000. Huntington National Bank lifted its stake in shares of The AES Corporation by 62.7% in the 2nd quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 5,492 shares during the period. IFP Advisors Inc lifted its stake in shares of The AES Corporation by 80.5% in the 2nd quarter. IFP Advisors Inc now owns 20,452 shares of the utilities provider’s stock valued at $227,000 after purchasing an additional 9,123 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in shares of The AES Corporation by 6.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 24,270 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 1,420 shares during the period. 94.25% of the stock is currently owned by institutional investors.
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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