The EVP & CFO of AES Corp (NYSE: AES) is Buying Shares

By Carrie Williams

Yesterday, the EVP & CFO of AES Corp (NYSE: AES), Thomas O’flynn, bought shares of AES for $101.1K.

Following this transaction Thomas O’flynn’s holding in the company was increased by 3.2% to a total of $3.32 million. Following Thomas O’flynn’s last AES Buy transaction on November 10, 2015, the stock climbed by 1.6%.

Based on AES Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.62 billion and quarterly net profit of $152 million. In comparison, last year the company earned revenue of $3.52 billion and had a net profit of $170 million. The company has a one-year high of $12.47 and a one-year low of $10. Currently, AES Corp has an average volume of 9.94M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $13, reflecting a -16.6% downside. Seven different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock.

The insider sentiment on AES Corp has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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The AES Corp. operates as a power generation and utility company. It operates through the Generation and Utilities segments. The Generation segment refers to the utilization of fuels and technologies to generate electricity such as coals, gas, hydro, wind, solar and biomass.