News coverage about AES (NYSE:AES) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AES earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.5566786983969 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- New Energy Storage JV From Siemens, AES Officially Takes Off … – North American Windpower (nawindpower.com)
- AES and Siemens launch energy storage platform Fluence, confirm involvement in 100 MW LA storage project (pv-magazine.com)
- Fluence Officially Combines AES, Siemens Energy Storage Businesses (power-eng.com)
- Dayton Power and Light Launches an Improved Outage Map on dpandl.com (finance.yahoo.com)
- Need a Loan for a Battery? These Companies Would Like to Help – Bloomberg (bloomberg.com)
Several equities analysts have commented on the stock. Morgan Stanley dropped their price target on shares of AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research note on Wednesday, December 13th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Bank of America upgraded shares of AES from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.70.
Shares of AES (NYSE AES) traded up $0.08 during mid-day trading on Monday, hitting $11.04. 8,527,400 shares of the company were exchanged, compared to its average volume of 6,590,000. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $7,290.00, a P/E ratio of -368.00, a P/E/G ratio of 1.13 and a beta of 1.21. AES has a 12-month low of $10.00 and a 12-month high of $12.06.
AES (NYSE:AES) last issued its 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). The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. AES had a positive return on equity of 15.14% and a negative net margin of 5.43%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. equities analysts expect that AES will post 1.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.71%. This is an increase from AES’s previous quarterly dividend of $0.12. AES’s payout ratio is presently -1,600.00%.
In related news, insider Andres Gluski purchased 24,632 shares of AES stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, with a total value of $250,507.44. Following the completion of the transaction, the insider now directly owns 868,396 shares in the company, valued at $8,831,587.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Santos Bernerd Da purchased 4,700 shares of AES stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $10.60 per share, with a total value of $49,820.00. Following the completion of the transaction, the chief operating officer now owns 96,186 shares of the company’s stock, valued at $1,019,571.60. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 38,832 shares of company stock valued at $401,407. Insiders own 1.09% of the company’s stock.
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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