AES (NYSE:AES) issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02), MarketWatch Earnings reports. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.47 billion. AES had a net margin of 6.32% and a return on equity of 19.05%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. AES updated its FY 2019 guidance to $1.28-1.40 EPS and its FY19 guidance to $1.28-1.40 EPS.
NYSE:AES traded down $0.17 during midday trading on Thursday, hitting $15.89. 3,985,000 shares of the company were exchanged, compared to its average volume of 5,999,087. AES has a fifty-two week low of $12.30 and a fifty-two week high of $18.52. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.34 and a quick ratio of 1.21. The firm has a market capitalization of $10.85 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.56 and a beta of 1.04.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.1365 per share. The ex-dividend date was Tuesday, April 30th. This represents a $0.55 annualized dividend and a yield of 3.44%. AES’s dividend payout ratio is currently 44.35%.
In other AES news, Director Jeffrey W. Ubben acquired 2,482,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $16.11 per share, for a total transaction of $39,985,020.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey W. Ubben acquired 2,582,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was acquired at an average price of $16.10 per share, for a total transaction of $41,570,200.00. The disclosure for this purchase can be found here. 1.06% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AES. Premia Global Advisors LLC acquired a new position in shares of AES during the first quarter worth about $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of AES during the first quarter worth about $30,000. Kore Private Wealth LLC purchased a new stake in AES during the first quarter worth about $33,000. Arcadia Investment Management Corp MI purchased a new stake in AES during the fourth quarter worth about $29,000. Finally, Reilly Financial Advisors LLC purchased a new stake in AES during the first quarter worth about $36,000. Institutional investors own 93.80% of the company’s stock.
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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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