AES Corp (AES) Sees Large Increase in Short Interest

AES Corp (NYSE:AES) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 13,452,408 shares, an increase of 31.0% from the November 30th total of 10,266,495 shares. Based on an average daily trading volume, of 7,113,735 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.0% of the shares of the stock are sold short.

AES (AES) opened at $10.87 on Friday. AES has a 52-week low of $10.00 and a 52-week high of $12.06. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99. The company has a market cap of $7,151.99, a P/E ratio of -9.29, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21.

AES (NYSE:AES) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the business earned $0.32 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. equities research analysts predict that AES will post 1.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.13 per share. This is a boost from AES’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Wednesday, January 31st. AES’s dividend payout ratio (DPR) is presently -41.03%.

Several research analysts recently weighed in on the stock. SunTrust Banks restated a “buy” rating and issued a $15.00 price objective on shares of AES in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of AES from a “buy” rating to a “sell” rating in a research report on Monday, September 11th. Royal Bank of Canada restated a “hold” rating and issued a $12.00 price objective on shares of AES in a research report on Monday, September 11th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and set a $11.50 price target on the stock in a research report on Tuesday, October 24th. Finally, ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.70.

In related news, CFO Thomas M. O’flynn acquired 9,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought 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 owns 219,131 shares in the company, valued at $2,331,553.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andres Gluski acquired 24,632 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $10.17 per share, for a total transaction of $250,507.44. Following the completion of the transaction, the insider now owns 868,396 shares of the company’s stock, valued at approximately $8,831,587.32. The disclosure for this purchase can be found here. Over the last three months, insiders bought 38,832 shares of company stock worth $401,407. Insiders own 1.09% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Prudential Financial Inc. grew its holdings in shares of AES by 10.7% in the third quarter. Prudential Financial Inc. now owns 11,399,720 shares of the utilities provider’s stock worth $125,625,000 after purchasing an additional 1,103,750 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of AES by 7.8% in the third quarter. Parametric Portfolio Associates LLC now owns 2,913,485 shares of the utilities provider’s stock worth $32,107,000 after purchasing an additional 211,075 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of AES by 7.9% in the third quarter. Public Employees Retirement System of Ohio now owns 312,162 shares of the utilities provider’s stock worth $3,440,000 after purchasing an additional 22,799 shares during the last quarter. Cypress Capital Group bought a new position in shares of AES in the third quarter worth approximately $138,000. Finally, Sterling Capital Management LLC grew its holdings in shares of AES by 171.0% in the third quarter. Sterling Capital Management LLC now owns 82,609 shares of the utilities provider’s stock worth $910,000 after purchasing an additional 52,127 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

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About AES

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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