The AES Corporation (NYSE:AES)’s share price rose 0.7% during mid-day trading on Monday following insider buying activity. The company traded as high as $10.84 and last traded at $10.23. Approximately 26,490,400 shares changed hands during mid-day trading, an increase of 401% from the average daily volume of 5,290,420 shares. The stock had previously closed at $10.30.

Specifically, CFO Thomas M. O’flynn bought 9,500 shares of The AES Corporation stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $10.64 per share, for a total transaction of $101,080.00. Following the completion of the transaction, the chief financial officer now directly owns 219,131 shares in the company, valued at $2,331,553.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andres Gluski bought 24,632 shares of The AES Corporation stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $10.17 per share, with a total value of $250,507.44. Following the completion of the transaction, the insider now owns 868,396 shares of the company’s stock, valued at $8,831,587.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 38,832 shares of company stock valued at $401,407. 1.09% of the stock is owned by company insiders.

AES has been the subject of a number of research reports. BidaskClub upgraded The AES Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. ValuEngine upgraded The AES Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, August 17th. Morgan Stanley reiterated an “equal weight” rating on shares of The AES Corporation in a report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price objective on shares of The AES Corporation in a report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The AES Corporation has an average rating of “Hold” and an average target price of $12.75.

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 firm has a market capitalization of $6,755.75, a price-to-earnings ratio of 10.13, a PEG ratio of 1.03 and a beta of 1.22.

The AES Corporation (NYSE:AES) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.63 billion. The AES Corporation had a negative net margin of 5.43% and a positive return on equity of 15.14%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. analysts anticipate that The AES Corporation will post 1.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Tuesday, October 31st. The AES Corporation’s dividend payout ratio is presently -41.03%.

A number of hedge funds have recently modified their holdings of the stock. Capital International Investors boosted its holdings in The AES Corporation by 2.4% during the 3rd quarter. Capital International Investors now owns 24,125,215 shares of the utilities provider’s stock valued at $265,860,000 after acquiring an additional 567,371 shares during the period. Pinebridge Investments L.P. boosted its holdings in The AES Corporation by 7.4% during the 3rd quarter. Pinebridge Investments L.P. now owns 821,040 shares of the utilities provider’s stock valued at $9,048,000 after acquiring an additional 56,826 shares during the period. Barings LLC boosted its holdings in The AES Corporation by 806.5% during the 3rd quarter. Barings LLC now owns 180,064 shares of the utilities provider’s stock valued at $1,984,000 after acquiring an additional 160,200 shares during the period. Schroder Investment Management Group boosted its holdings in The AES Corporation by 39.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,091,840 shares of the utilities provider’s stock valued at $12,098,000 after acquiring an additional 307,915 shares during the period. Finally, ETRADE Capital Management LLC boosted its holdings in The AES Corporation by 25.3% during the 3rd quarter. ETRADE Capital Management LLC now owns 62,722 shares of the utilities provider’s stock valued at $691,000 after acquiring an additional 12,669 shares during the period. Institutional investors own 94.25% of the company’s stock.

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The AES Corporation 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. 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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