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Snatch This Bargain Energy Stock 4.2% Yielder Even Cheaper Than SVP, COO, Pres. New Enrgy Tech Falu Did

By Energy Stock Channel Staff, Thursday, February 8, 11:31 AM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 9, AES Corp's SVP, COO, Pres. New Enrgy Tech, Ricardo Manuel Falu, invested $39,935.00 into 2,450 shares of AES, for a cost per share of $16.30. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Thursday, bargain hunters could buy shares of AES Corp (NYSE:AES) and achieve a cost basis 1.0% cheaper than Falu, with shares changing hands as low as $16.14 per share. It should be noted that Falu has collected $0.17/share in dividends since the time of their purchase, so they are currently up 0.1% on their purchase from a total return basis. AES Corp shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of AES shares, versus its 200 day moving average:

AES Corp Chart

Looking at the chart above, AES's low point in its 52 week range is $11.43 per share, with $26.77 as the 52 week high point — that compares with a last trade of $16.14. By comparison, below is a table showing the prices at which AES insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/16/2023 Alain Monie Director 27,400 $18.27 $500,598.00
11/07/2023 Paul L. Freedman EVP, GC and Corp. Secretary 1,530 $16.40 $25,092.00
11/07/2023 Stephen Coughlin EVP and CFO 1,529 $16.40 $25,075.60
11/07/2023 Andres Gluski President and CEO 50,000 $16.38 $819,000.00
11/08/2023 Juan Ignacio Rubiolo EVP and Pres., Energy Infrast. 2,450 $16.37 $40,106.50
11/07/2023 Santos Bernerd Da EVP and President, Renewables 3,000 $16.36 $49,080.00
11/09/2023 Ricardo Manuel Falu SVP, COO, Pres. New Enrgy Tech 2,450 $16.30 $39,935.00

The current annualized dividend paid by AES Corp is $0.69/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/31/2024. Below is a long-term dividend history chart for AES, which can be of good help in judging whether the most recent dividend with approx. 4.2% annualized yield is likely to continue.


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This Article's Word Cloud:   Alain   Andres   Arial   Back   Bargain   Below   Bernerd   Cheaper   Corp   Coughlin   Director   Energy   Enrgy   Falu   Manuel   Pres   President   Ricardo   Tech   about   annualized   basis   below   buying   chart   cost   currently   dividend   escape   fillColor   hunters   insider   last   most   only   paid   point   purchase   reason   recent   share   shares   stock   that   their   they   trading   week   which   with

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