AES Sees Unusually Large Options Volume (NYSE:AES)

The AES Corporation (NYSE:AES) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 28,249 call options on the company. This is an increase of approximately 88% compared to the typical volume of 15,024 call options.

Institutional Trading of AES

A number of large investors have recently made changes to their positions in the company. Bogart Wealth LLC lifted its holdings in AES by 406.5% during the third quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,500 shares in the last quarter. Cromwell Holdings LLC raised its holdings in AES by 232.5% during the 3rd quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock worth $33,000 after buying an additional 1,737 shares during the period. TD Private Client Wealth LLC lifted its stake in AES by 50.8% in the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,146 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of AES by 448.3% during the second quarter. First Horizon Advisors Inc. now owns 9,836 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 8,042 shares in the last quarter. Finally, Seven Mile Advisory acquired a new stake in shares of AES during the third quarter worth $140,000. Institutional investors own 93.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AES shares. Jefferies Financial Group set a $16.00 target price on AES and gave the company a “hold” rating in a research note on Tuesday. Barclays raised their price objective on shares of AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Susquehanna upped their target price on shares of AES from $16.00 to $17.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Morgan Stanley raised their price target on shares of AES from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI assumed coverage on shares of AES in a research report on Monday, October 6th. They set an “in-line” rating and a $15.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.08.

AES Trading Up 8.9%

Shares of AES stock traded up $1.32 on Tuesday, reaching $16.05. 24,641,960 shares of the stock were exchanged, compared to its average volume of 9,847,621. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.72 and a quick ratio of 0.66. AES has a one year low of $9.46 and a one year high of $16.19. The stock has a market cap of $11.43 billion, a PE ratio of 10.03, a P/E/G ratio of 0.55 and a beta of 1.00. The stock has a 50 day moving average price of $14.16 and a 200 day moving average price of $13.81.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. AES had a return on equity of 18.83% and a net margin of 9.47%.The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. AES has set its FY 2025 guidance at 2.100-2.26 EPS. Equities research analysts forecast that AES will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a dividend of $0.176 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.4%. AES’s payout ratio is 43.75%.

AES Company Profile

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.