The AES Corp (AES) Trading Down 6.6% Following Weak Earnings

Brunilde Fioravanti
Novembre 20, 2017

COPYRIGHT VIOLATION WARNING: "The AES Co". The legal version of this report can be viewed at AES Corporation had 15 analyst reports since September 24, 2015 according to SRatingsIntel. Finally, Royal Bank of Canada cut AES Corp from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $13.00 to $12.00 in a research note on Wednesday, January 4th. The rating was downgraded by Morgan Stanley on Monday, August 3 to "Equal-Weight". Bank of America upgraded the stock to "Buy" rating in Monday, November 13 report.

Several equities research analysts have issued reports on the company. Pivotal Research maintained it with "Hold" rating and $35 target in Friday, October 30 report. It is negative, as 23 investors sold AES shares while 168 reduced holdings. According to today's trading volume The AES Corporation is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Based on an average trading volume of 2,596,552 shares, the days-to-cover ratio is presently 3.0 days. The firm's stock has a market capitalization of $7.16 bln. The AES updated its FY17 guidance to $1.00-1.10 EPS. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20.

Analysts await AES Corp (NYSE:AES) to report earnings on February, 26. The utilities provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05), Bloomberg Earnings reports. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $5.29 billion. The AES had a return on equity of 19.64% and a net margin of 6.53%. The firm's revenue for the quarter was up 2.5% compared to the same quarter a year ago. During the same quarter past year, the business posted $0.32 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a $0.12 dividend. The rating was downgraded by Barclays Capital on Tuesday, October 4 to "Equal Weight".

The stock decreased 1.01% or $0.05 on November 17, reaching $4.9. The AES's dividend payout ratio (DPR) is now -1,600.00%.

Nokomis Capital L.L.C. holds 10.67% of its portfolio in Telenav Inc for 4.50 million shares.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. FDx Advisors Inc. now owns 90,040 shares of the company's stock valued at $1,124,000 after buying an additional 5,004 shares during the period. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Santos Bernerd Da bought 4,700 shares of the company's stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $10.60 per share, with a total value of $49,820.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 38,832 shares of company stock valued at $401,407. Silvercrest Asset Management Group LLC increased its stake in AES Corp by 2.4% in the fourth quarter. Sterling Capital Management LLC increased its stake in AES Corp by 2.3% in the second quarter. Following the acquisition, the chief operating officer now directly owns 96,186 shares of the company's stock, valued at $1,019,571.60. Xact Kapitalforvaltning AB increased its position in The AES by 14.1% in the second quarter. Nationwide Fund Advisors increased its position in The AES by 9.7% in the second quarter. Approximately 1.2% of the shares of the stock are short sold. Ffcm LLC now owns 10,495 shares of the utilities provider's stock worth $116,000 after purchasing an additional 6,634 shares in the last quarter.

The company now has an insider ownership of 0.32 Percent and Institutional ownership of 98.3 Percent.

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The AES Corporation (NYSE:AES) tumbled -7.31% year-to-date. 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.

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