AES Target of Unusually Large Options Trading (NYSE:AES)

[view original post]

The AES Co. (NYSE:AES) was the target of some unusual options trading on Friday. Investors bought 4,939 put options on the stock. This represents an increase of 158% compared to the average volume of 1,918 put options.

Several brokerages recently commented on AES. Zacks Investment Research upgraded AES from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a report on Thursday, September 2nd. TheStreet upgraded AES from a “c” rating to a “b” rating in a report on Monday, December 6th. The Goldman Sachs Group assumed coverage on AES in a report on Monday, November 29th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Morgan Stanley boosted their price target on AES from $30.00 to $31.50 and gave the company an “overweight” rating in a research note on Tuesday, November 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $30.08.

NYSE AES opened at $24.42 on Friday. The firm has a market capitalization of $16.28 billion, a P/E ratio of 31.71, a PEG ratio of 1.88 and a beta of 0.85. The business has a fifty day simple moving average of $24.48 and a 200 day simple moving average of $24.62. AES has a 12 month low of $20.52 and a 12 month high of $29.07. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 3.92.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, November 4th. The utilities provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.50 billion. AES had a return on equity of 29.19% and a net margin of 3.99%. During the same period in the prior year, the firm posted $0.42 EPS. As a group, sell-side analysts predict that AES will post 1.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Tuesday, February 1st will be paid a $0.158 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Monday, January 31st. This is an increase from AES’s previous quarterly dividend of $0.15. AES’s dividend payout ratio is 77.92%.

Large investors have recently made changes to their positions in the business. Liberty Wealth Management LLC bought a new position in AES in the 2nd quarter valued at $29,000. Achmea Investment Management B.V. bought a new position in shares of AES during the 3rd quarter worth $25,000. CKW Financial Group bought a new position in shares of AES during the 2nd quarter worth $33,000. First Horizon Advisors Inc. grew its stake in shares of AES by 261.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,644 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 1,189 shares during the period. Finally, Credit Agricole S A grew its stake in shares of AES by 160.1% during the 2nd quarter. Credit Agricole S A now owns 1,834 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 1,129 shares during the period. Hedge funds and other institutional investors own 94.50% of the company’s stock.

AES Company Profile

AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU and Corporate and Other.

See Also: Penny Stocks, Risk and Reward Factors

Want More Great Investing Ideas?