Short Interest in The AES Corp. (AES) Rises By 25.6%
The AES Corp. (NYSE:AES) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,763,259 shares, a growth of 25.6% from the October 14th total of 10,958,134 shares. Based on an average daily trading volume, of 4,736,816 shares, the short-interest ratio is presently 2.9 days. Currently, 2.1% of the company’s stock are sold short.
Shares of The AES Corp. (NYSE:AES) opened at 11.40 on Friday. The AES Corp. has a 52 week low of $8.22 and a 52 week high of $13.32. The stock’s market capitalization is $7.51 billion. The firm’s 50-day moving average price is $12.05 and its 200 day moving average price is $11.94.
The AES Corp. (NYSE:AES) last announced its earnings results on Friday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The AES Corp. had a negative net margin of 1.95% and a positive return on equity of 14.01%. The business had revenue of $209.90 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that The AES Corp. will post $0.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Friday, October 28th. The AES Corp.’s dividend payout ratio is presently -107.31%.
Several analysts recently weighed in on the company. Barclays PLC downgraded The AES Corp. from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $14.00 to $12.00 in a research note on Tuesday, October 4th. Zacks Investment Research downgraded The AES Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. Finally, TheStreet downgraded The AES Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.50.
Several hedge funds have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. bought a new stake in The AES Corp. during the second quarter valued at $133,000. Invictus RG increased its stake in The AES Corp. by 21.9% in the first quarter. Invictus RG now owns 11,906 shares of the company’s stock valued at $140,000 after buying an additional 2,140 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in The AES Corp. during the first quarter valued at $142,000. Nuveen Fund Advisors LLC bought a new stake in The AES Corp. during the second quarter valued at $192,000. Finally, Tredje AP fonden bought a new stake in The AES Corp. during the second quarter valued at $234,000. 95.27% of the stock is owned by hedge funds and other institutional investors.
The AES Corp. 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. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
Receive News & Stock Ratings for The AES Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The AES Corp. and related stocks with our FREE daily email newsletter.