AES (AES) Receives Daily Coverage Optimism Rating of 0.12

Media coverage about AES (NYSE:AES) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. 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 news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.0073758233673 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

Shares of AES (AES) opened at $10.87 on Friday. The firm has a market capitalization of $7,151.99, a P/E ratio of -9.29, a PEG ratio of 1.10 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 3.20. AES has a twelve month low of $10.00 and a twelve month high of $12.06.

AES (NYSE:AES) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. sell-side analysts forecast that AES will post 1.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.12. AES’s payout ratio is -41.03%.

A number of brokerages have commented on AES. SunTrust Banks restated a “buy” rating and issued a $15.00 target price on shares of AES in a research note on Wednesday, September 13th. Royal Bank of Canada restated a “hold” rating and issued a $12.00 target price on shares of AES in a research note on Monday, September 11th. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and set a $11.50 target price for the company in a research note on Tuesday, October 24th. Zacks Investment Research downgraded AES from a “buy” rating to a “sell” rating in a research note on Monday, September 11th. Finally, ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. AES has a consensus rating of “Hold” and an average target price of $12.70.

In other AES news, insider Andres Gluski purchased 24,632 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $10.17 per share, with a total value of $250,507.44. Following the completion of the acquisition, the insider now owns 868,396 shares in the company, valued at approximately $8,831,587.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas M. O’flynn purchased 9,500 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $10.64 per share, for a total transaction of $101,080.00. Following the acquisition, the chief financial officer now owns 219,131 shares of the company’s stock, valued at approximately $2,331,553.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 38,832 shares of company stock worth $401,407. Corporate insiders own 1.09% of the company’s stock.

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AES Company Profile

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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