Investors Sell Shares of AES (AES) on Strength (AES)

Traders sold shares of AES Corp (NYSE:AES) on strength during trading on Thursday. $17.16 million flowed into the stock on the tick-up and $63.52 million flowed out of the stock on the tick-down, for a money net flow of $46.36 million out of the stock. Of all equities tracked, AES had the 0th highest net out-flow for the day. AES traded up $0.15 for the day and closed at $17.05

Separately, Zacks Investment Research lowered AES from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.00.

The firm has a market cap of $11.21 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.62 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.14 and a debt-to-equity ratio of 3.15.

AES (NYSE:AES) last issued its quarterly earnings results on Wednesday, February 27th. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $4.06 billion. AES had a return on equity of 19.43% and a net margin of 11.20%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, research analysts anticipate that AES Corp will post 1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.1365 per share. This represents a $0.55 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, April 30th. AES’s payout ratio is currently 44.35%.

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in AES during the fourth quarter worth about $294,000. DNB Asset Management AS grew its holdings in AES by 508.7% during the fourth quarter. DNB Asset Management AS now owns 112,000 shares of the utilities provider’s stock worth $1,620,000 after acquiring an additional 93,600 shares during the period. Intact Investment Management Inc. grew its holdings in AES by 44.8% during the fourth quarter. Intact Investment Management Inc. now owns 161,000 shares of the utilities provider’s stock worth $2,328,000 after acquiring an additional 49,800 shares during the period. Bfsg LLC acquired a new position in AES during the first quarter worth about $510,000. Finally, KBC Group NV grew its holdings in AES by 108.1% during the fourth quarter. KBC Group NV now owns 1,107,969 shares of the utilities provider’s stock worth $16,021,000 after acquiring an additional 575,643 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/05/04/investors-sell-shares-of-aes-aes-on-strength-aes.html.

About AES (NYSE:AES)

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.

Read More: How does the Federal Reserve determine interest rates?

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.