AES (NYSE:AES – Get 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%.
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.
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