Stock Traders Buy High Volume of AES Call Options (AES)
AES Corp (NYSE:AES) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 3,698 call options on the company. This represents an increase of 1,434% compared to the average daily volume of 241 call options.
A number of analysts recently weighed in on AES shares. Zacks Investment Research cut shares of AES from a “buy” rating to a “sell” rating in a report on Monday, September 11th. Morgan Stanley restated an “equal weight” rating on shares of AES in a research report on Friday, September 8th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks restated a “buy” rating and issued a $15.00 price target on shares of AES in a research report on Wednesday, September 13th. Finally, Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 price target for the company in a research report on Tuesday, October 24th. Two 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 stock has a consensus rating of “Hold” and a consensus target price of $12.70.
In other AES news, insider Andres Gluski bought 24,632 shares of AES stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, for a total transaction of $250,507.44. Following the completion of the acquisition, the insider now owns 868,396 shares of the company’s stock, valued at approximately $8,831,587.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Santos Bernerd Da bought 4,700 shares of AES stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $10.60 per share, with a total value of $49,820.00. Following the completion of the acquisition, the chief operating officer now directly owns 96,186 shares of the company’s stock, valued at approximately $1,019,571.60. The disclosure for this purchase can be found here. Insiders have purchased 38,832 shares of company stock valued at $401,407 over the last 90 days. 1.09% of the stock is currently owned by insiders.
Shares of AES (NYSE AES) opened at $10.71 on Tuesday. AES has a 12-month low of $10.00 and a 12-month high of $12.06. 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 company has a market cap of $7,070.00, a P/E ratio of -357.00, a P/E/G ratio of 1.28 and a beta of 1.21.
AES (NYSE:AES) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). AES had a positive return on equity of 15.14% and a negative net margin of 5.43%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts forecast that AES will post 1.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a $0.13 dividend. This is an increase from AES’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a yield of 4.86%. AES’s dividend payout ratio is presently -1,600.00%.
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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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