AES Corp (NYSE:AES) Short Interest Update
AES Corp (NYSE:AES) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 9,040,000 shares, a decrease of 6.8% from the January 15th total of 9,700,000 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 5,310,000 shares, the days-to-cover ratio is presently 1.7 days.
Shares of AES opened at $20.93 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $13.83 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. The stock’s fifty day simple moving average is $20.29 and its 200 day simple moving average is $17.77. AES has a twelve month low of $14.60 and a twelve month high of $21.01.
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.1433 dividend. This is a positive change from AES’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Thursday, January 30th. AES’s dividend payout ratio (DPR) is 45.97%.
AES has been the topic of a number of recent analyst reports. UBS Group increased their price target on AES from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. TheStreet raised AES from a “c+” rating to a “b” rating in a research note on Wednesday, November 6th. SunTrust Banks increased their price target on AES from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Morgan Stanley increased their price target on AES from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.26.
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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