AES Corp (NYSE:AES) saw unusually large options trading on Wednesday. Stock investors acquired 1,804 call options on the company. This is an increase of approximately 1,056% compared to the typical daily volume of 156 call options.
Shares of AES opened at $13.03 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.00 and a current ratio of 1.12. The firm has a market capitalization of $8.49 billion, a P/E ratio of 10.70, a PEG ratio of 1.29 and a beta of 1.18. AES has a twelve month low of $9.86 and a twelve month high of $13.56.
Get AES alerts:AES (NYSE:AES) last issued its earnings results on Tuesday, May 8th. The utilities provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.13 billion. AES had a positive return on equity of 18.70% and a negative net margin of 3.63%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. equities research analysts expect that AES will post 1.21 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of AES. Amalgamated Bank raised its position in shares of AES by 9.9% in the 4th quarter. Amalgamated Bank now owns 83,188 shares of the utilities provider’s stock worth $901,000 after buying an additional 7,465 shares during the period. Geode Capital Management LLC raised its position in shares of AES by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 7,839,604 shares of the utilities provider’s stock worth $84,737,000 after buying an additional 431,291 shares during the period. Alliancebernstein L.P. raised its position in shares of AES by 11.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,503,377 shares of the utilities provider’s stock worth $16,282,000 after buying an additional 149,883 shares during the period. AXA raised its position in shares of AES by 4.3% in the 4th quarter. AXA now owns 183,200 shares of the utilities provider’s stock worth $1,984,000 after buying an additional 7,600 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of AES in the 4th quarter worth $19,477,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on AES shares. Zacks Investment Research raised AES from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, April 3rd. ValuEngine raised AES from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Morgan Stanley set a $14.00 price target on AES and gave the stock a “hold” rating in a research note on Friday, April 27th. UBS Group increased their price target on AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 20th. Finally, Bank of America lowered AES from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 16th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.00.
AES Company Profile
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
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