AES (NYSE:AES) Announces Earnings Results

AES (NYSE:AESGet Rating) announced its quarterly earnings results on Friday. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09), MarketWatch Earnings reports. AES had a positive return on equity of 31.10% and a negative net margin of 4.61%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year.

Shares of NYSE:AES opened at $20.94 on Friday. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.13 and a quick ratio of 1.00. AES has a 1-year low of $19.76 and a 1-year high of $27.00. The company has a market capitalization of $13.98 billion, a P/E ratio of -77.56, a P/E/G ratio of 1.91 and a beta of 1.01. The firm’s 50 day simple moving average is $23.20 and its two-hundred day simple moving average is $23.41.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be issued a dividend of $0.158 per share. This represents a $0.63 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, April 28th. AES’s dividend payout ratio is currently -233.33%.

A number of analysts have recently commented on AES shares. Credit Suisse Group started coverage on shares of AES in a research note on Monday, April 25th. They issued a “neutral” rating and a $25.00 price target for the company. Seaport Res Ptn reiterated a “buy” rating on shares of AES in a research note on Monday, April 4th. Morgan Stanley lifted their price target on shares of AES from $30.50 to $32.50 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. TheStreet lowered shares of AES from a “b” rating to a “c-” rating in a research note on Tuesday, March 1st. Finally, Citigroup started coverage on shares of AES in a report on Tuesday, March 22nd. They issued a “buy” rating and a $27.00 price objective on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $29.19.

In other news, CFO Stephen Coughlin purchased 47,000 shares of the stock in a transaction on Friday, March 4th. The shares were acquired at an average price of $21.30 per share, with a total value of $1,001,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of AES. Cetera Investment Advisers purchased a new position in AES during the fourth quarter valued at approximately $292,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of AES by 11.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 13,220 shares of the utilities provider’s stock worth $321,000 after buying an additional 1,310 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of AES in the fourth quarter worth $346,000. JustInvest LLC lifted its holdings in shares of AES by 56.0% in the fourth quarter. JustInvest LLC now owns 15,071 shares of the utilities provider’s stock worth $366,000 after buying an additional 5,410 shares in the last quarter. Finally, Toroso Investments LLC lifted its holdings in shares of AES by 15.0% in the fourth quarter. Toroso Investments LLC now owns 17,589 shares of the utilities provider’s stock worth $427,000 after buying an additional 2,296 shares in the last quarter. 92.97% of the stock is currently owned by institutional investors and hedge funds.

About AES (Get Rating)

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.

Featured Stories

Earnings History for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.