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.

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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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