|Bid||15.21 x 800|
|Ask||15.21 x 1000|
|Day's Range||14.76 - 15.25|
|52 Week Range||13.00 - 18.52|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||25.33|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||0.55 (3.70%)|
|1y Target Est||18.31|
Today we'll look at The AES Corporation (NYSE:AES) and reflect on its potential as an investment. To be precise, we'll...
Although the market's near-7% setback suffered since its late-July high is neither devastating nor unusual, it has certainly been frustrating all the same. Many investors who were lured into the idea of "chasing performance" ended up being punished for doing so, even with Tuesday's bounce.The selloff isn't necessarily a reason to throw in the towel altogether though. Indeed, for income-minded investors willing to forego some excitement in the name of consistency will find the marketwide weakness has up-ended even some of the highest-quality dividend stocks. Many of these names can not only be purchased at below-average valuation, but at above-average yields. Your return on these cheap stocks to buy is based on your entry price. * 15 Growth Stocks to Buy for the Long Haul To that end, here's a rundown of ten dividend stocks to buy while the market's bearish tide has made them too cheap to ignore. They may not be at their absolute bottom yet, but they've given up far more ground than they ever should have been allowed to give up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cheap Dividend Stocks to Buy: Pfizer (PFE)Source: Kojach Via FlickrDividend Yield: 3.96% Forward Price-to-Earnings Ratio: 12.6Pfizer (NYSE:PFE) can be considered cheap for one simple reason. That is, it's down nearly 20% year-to-date, reaching a 14-month low on Monday.The most recent portion of that weakness stems from the decision to sell its "off-patent" Upjohn division to rival drugmaker Mylan (NASDAQ:MYL), though clearly investors were losing interest -- and faith -- in PFE stock well before that announcement was made late last month. The expiration of key patents on blockbuster drug Lyrica has also weighed on investors' minds, as has a broad uncertainty over which piece of the healthcare market will bear the bulk of the burden for lowering costs.The doubters may have overshot their target though. Pfizer is now yielding 3.96%, and trades at only 12.6 times its (pre-spinoff) 2020 earnings. Chemours Co (CC)Source: Shutterstock Dividend Yield: 8% Forward P/E: 2.9The bulk of the recent weakness Chemours Co (NYSE:CC) shares have demonstrated reflects a potential legal liability related to its manufacture of perfluorochemicals (PFAs) which are used to make, among other things, Teflon cookware.The company's woes go well beyond that one stumbling block though. North America's titanium dioxide market is also running into a headwind, hitting Chemours in where it hurts the most. Its fiscal second-quarter titanium dioxide fell 35% year-over-year. * 10 Stocks Under $5 to Buy for Fall The worst-case scenario may well be fully priced in, however. Although this year is set to be a tough one, analysts are modeling an 11% turnaround in next year's revenue, prompting a sizeable recovery of this year's 52% earnings decline. The stock's yielding 8% in the meantime, on a dividend the company makes a point of paying if at all possible. AES (AES)Source: Shutterstock Dividend Yield: 3.6% Forward P/E: 10.6The second-quarter report from utility name AES (NYSE:AES) was anything but thrilling. Not only did income of 26 cents per share fall short of the 27 cents per share analysts were expecting, revenue was down a little more than 2%.The subsequent pullback added to an existing selloff. AES stock is now down nearly 17% from its March high, as the market seeks to right-price this otherwise reliable player in an unclear interest rate environment.For the most part, investors are forgetting that while it's not a high-growth vehicle, like most utility names, this one's rather well shielded from economic ebbs and flows that could disrupt its dividend … a dividend that has not failed to grow in any year since 2013. Molson Coors Brewing (TAP)Source: Drew Stephens via FlickrDividend Yield: 4.4% Forward P/E: 11.8For a handful of reasons, Molson Coors Brewing (NYSE:TAP) has been unable to restore its former greatness. The name behind not just Coors and Molson, but brands like Blue Moon, Ice House and Miller, just hasn't resonated with consumers like it did in the past. Beer drinkers are now opting for something else, particularly in the United States where it desperately needs to thrive. * 10 Real Estate Investments to Ride Out the Current Storm The full extent of the headwind may have already done all the damage it could do though. Next year's sales should essentially be flat, and the earnings decline is finally expected to abate; 2020's projected income of $4.48 per share is only a tiny fraction better than this year's likely bottom line of $4.45. But, that's enough (and then some) to fund the dividend going forward. It has only paid out $1.63 over the course of the past four quarters. The Carlyle Group (CG)Source: Shutterstock Dividend Yield: 6.5% Forward P/E: 8.7Technically speaking it's not a stock. Nevertheless, The Carlyle Group (NASDAQ:CG) has earned a spot on a list of cheap dividend stocks to buy because the yield of 6.5% is well above the market's average at this time. The S&P 500, for perspective, is yielding right around 1.9%.The Carlyle Group is usually categorized as an asset management outfit, although that's not quite what it does. The organization is a private equity and business-development player. It owns equity in, lends money to or outright owns smaller companies that may not otherwise be accessible to investors through a publicly-traded instrument.It's a structure that's ideal for dividend payments. Inasmuch as its portfolio of companies don't have public shareholders themselves, these businesses can be managed first and foremost with cash flow in mind. Seagate Technology (STX)Source: Shutterstock Dividend Yield: 5.6% Forward P/E: 9.3Much like its peer Micron Technology (NASDAQ:MU), in 2018 Seagate Technology (NASDAQ:STX) found itself to be a victim of a glut it helped create. With an exaggerated response to demand at the time, chip manufacturers ramped up their output of volatile memory (RAM) as well as data-storage drives that largely destroyed their pricing power.That glut finally appears to be abating. Although just barely, prices for NAND and DRAM have stopped falling, and have begun logging higher highs. * 7 Education Stocks to Buy for the Future of Academia Micron is certainly a bargain too, now that there's a light at the end of the tunnel. Seagate Technology is the better dividend name, however, yielding 5.6% and priced at less than ten times next year's expected earnings. Cardinal Health (CAH)Source: Via WikimediaDividend Yield: 4.4% Forward P/E: 8.6Cardinal Health (NYSE:CAH) is a supplier of all sorts of solutions to the healthcare industry. From pharmaceuticals to surgical supplies to services that help hospitals better manage operations like billing and reimbursement, the well-established company keeps caregivers in action.The non-cyclical nature of the business doesn't mean the company doesn't face competition and headwinds though. Indeed, CAH stock has been cut in half since its early 2015 high, reaching new multi-year lows last week. Its performance has been so bad, in fact, that frustrated shareholders are now prepping class-action suits.In the midst of that frenzied doubt is when CAH stock could be most trade-worthy, however. It just topped its quarterly-earnings expectations, earning $1.11 versus estimates of only 93 cents. And the pros are calling for an earnings rebound this year. AT&T (T)Source: Shutterstock Dividend Yield: 5.9% Forward P/E: 9.6AT&T (NYSE:T) took its eye off the ball in 2016. Admittedly, the long-belabored effort to acquire Time Warner was distracting, but the telecom giant's woes weren't just related to that difficult deal. Its DirecTV acquisition has created more problems than profit, and the company seemingly became complacent with its position as the No. 2 wireless provider in the United States.There's a reason T stock is up almost 30% from its late-December low, however, snapping out of a long-standing downtrend in the process. And, Time Warner isn't a core part of the bullish rationale. Investors are starting to realize what the advent of 5G could mean for the telecom market, and for AT&T in particular. * 10 Stocks Under $5 to Buy for Fall As Will Healy put it last week, "the 5G network that burdened the company for years may soon give AT&T a level of pricing power not seen since its days as a monopoly. Moreover, even if T stock stagnates in the near-term, investors can collect a generous, increasing dividend." Ryder System (R)Source: Shutterstock Dividend Yield: 4.4% Forward P/E: 8.3Most investors will recognize the name Ryder System (NYSE:R) as the company that rents moving vans and self-driven trucks to consumers, and that's certainly a key part of its business. The company is so much more than that, however. Ryder also arranges for long-term corporate leases of heavy haulers, offers fleet maintenance services and will even manage the delivery aspect of a supply chain for its customers.It's anything but a recession-proof business. And, with the economy seemingly slowing down against a backdrop of never-ending tariff chatter, R stock doesn't feel like the safest name to own.With a yield of 4.4% and the equally good chance that the global economy is going to be rekindled by an eventual end to the tariff war though, Ryder System is arguably too cheap to pass up at less than nine times next year's expected earnings. Citigroup (C)Source: Shutterstock Dividend Yield: 3.1% Forward P/E: 7.8Finally, add Citigroup (NYSE:C) to your list of dividend stocks to buy sooner rather than later.Yes, it certainly appears to be in the wrong place at the wrong time. Lower interest rates make the business of lending money less profitable by compressing the spread between its costs of capital and what it's able to charge borrowers. And, two weeks ago the big bank confirmed it … its reducing its base lending rate by a quarter of a percentage, from 5.5% to 5.25%. The move impacted all new loans made since Aug. 1.The assumptions about the depth of the impact may be overblown though. Even as he was explaining the rationale for last month's quarter-point rate cut, Federal Reserve Chairman Jerome Powell was already cautioning that the FOMC reserves the right to ramp up rates again if it sees any hint of unchecked inflation. Reading between the lines, it's a subtle clue that the Fed doesn't want to cut rates again when it will have a chance to in September. * 7 5G Stocks to Buy Now for the Future All the worst possible news may already be priced into C stock, and more.As of this writing, James Brumley held a long position in AT&T. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post 10 Cheap Dividend Stocks to Load Up On appeared first on InvestorPlace.
The market started the new trading week the same way it ended the old one … badly. The S&P 500 fell nearly 3% with Monday's action. However, the opening gap and the sheer scope of the selloff since early last week sets the stage for at least some sort of bullish pushback.Source: Shutterstock Bellwether Apple (NASDAQ:AAPL) led the charge, falling more than 5% during the regular hours session on worries that an intensifying trade war would impact it more than others. AAPL stock was down another 2% in Monday's after-hours action. Meanwhile, Bank of America (NYSE:BAC) was lower by more than 4% on concerns that an economic slowdown and another rate cut could prove problematic for it.Fear more than anything else, however, is what took a toll on the broad market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat doesn't mean it won't continue taking a toll though, leaving traders in something of a lurch as the week continues. * 10 Cyclical Stocks to Buy (or Sell) Now To that end, it's the stock charts of Pfizer (NYSE:PFE), AES (NYSE:AES) and Centurylink (NYSE:CTL) that appear to be best positioned for a reliable swing, even if they all still need the market's cooperation. Centurylink (CTL)Centurylink is a name that has been on the radar since the first quarter of the year. With the most recent look from mid-June, CTL had pushed above a couple of different resistance lines, and was applying pressure to its 50-day moving average line that was acting as a ceiling at the time.The 50-day moving average line has been hurdled in the meantime. In fact, it has since begun acting as support. With just a little more forward progress and a couple more technical leaps that are in the path ahead though, there's little bearish argument that will be left intact. * Click to EnlargeThose last two technical events that will proverbially seal the deal on new bullishness are a cross of the purple 50-day moving average above the gray 100-day average line, and a move above the recent ceiling at $12.42 plotted in blue on both stock charts. * The odds of such a move are strong, given how Centurylink has logged higher lows and higher highs since May's pivot even though the broad market hasn't. * Although it's not a factor yet, should CTL be able to move above the ceiling at $12.42, the next line to watch is the 200-day moving average line plotted in white on both stock charts. Pfizer (PFE)Undoubtedly it has more to do with the market and with politics than Pfizer itself. Nevertheless, the chart of the drugmaker's stock is what it is. And what it is, is a name that has been severely oversold for a bevy of reasons over the course of the past week.The sheer scope of the selloff is unusual though, setting the stage for a potential bounceback. Underscoring that prospect is where and when PFE stock finally stopped falling on Monday. It's right at one key floor, and close enough to another one to say investors are at least thinking it could be trying to act as support. * 7 Stocks the Insiders Are Buying on Sale * Click to EnlargeThe near-term floor in question is plotted as a falling blue line on both stock charts. Monday's low traces most of the low points seen since late last year. * Bolstering the bearish case is the purple 50-day moving average line's cross back under the 200-day moving average line, plotted in white on both stock charts. * Nevertheless, the gap left behind with last week's big plunge and the way Pfizer stock is dancing with the support line that tags all the major lows going back to early 2016 suggests this is where the bulls are most likely to take a stand. AES (AES)Finally, AES rolled higher in 2018, seemingly unaffected by the weakness that proved problematic for most other names in the last quarter of last year. This year has been a solid one for AES as well, even with the second-quarter pullback (which was a pullback from a record high).As of Monday though, AES stock is in significant technical trouble. The 3% setback was enough to pull AES stock below a couple of different key support levels. There's still a chance it could snap back into bullish mode, but should AES linger at its current value or make lower lows, there's little left to stop the bleeding. * Click to EnlargeOne of the critical support levels that was just shattered is the 200-day moving average line, plotted in white on the daily stock chart. It had been a technical floor a couple of times in recent months. * The daily chart's action since mid-June is also telling, in a bearish way. It bounced around between two key moving average lines, but transitioned from a net-bullish to net-bearish mode on Monday. * Zooming out to the weekly chart, the rising support level that had kept the rally in motion since turning in early 2018 finally failed to keep AES propped up with Monday's setback.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post 3 Big Stock Charts for Tuesday: Pfizer, AES and Centurylink appeared first on InvestorPlace.
AES (AES) delivered earnings and revenue surprises of -3.70% and -1.03%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
AES (AES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...
Indianapolis Power & Light Company (IPL), an AES Company, submitted a plan today to the Indiana Utility Regulatory Commission (IURC) that will allow it to modernize its electric grid over a seven-year period to continue meeting the energy needs of customers. Most of the modernization plan, called IPL revAMP, addresses the upgrade and replacement of aging equipment, hardware and other assets.
sPower, a national leader in development, construction and operation of solar power facilities, and PSEG Long Island, a major electric utility provider, are proud to announce the completion of sPower’s solar plant in Riverhead, NY. As New York moves to completely decarbonize its electricity system by 2040, the Riverhead project will help the state move towards that goal as it will remove 23,970 metric tons of CO2 each year. During the eight months of construction, the Riverhead project employed approximately 220 workers who logged nearly 71,000 hours of paid labor.
Moody's Investors Service has assigned a provisional (P)Ba3 rating to the proposed senior secured USD notes of Mong Duong Finance Holdings BV due 2029. This is the first-time that Moody's has assigned a rating to Mong Duong Finance. The outlook on the rating is stable.
AES Corp. (AES) plans to deploy the Uplight platform in Latin America, as it now works together with Uplight on community solar, e-mobility and advanced C&I offerings.
The Board of Directors of The AES Corporation (AES) declared a quarterly common stock dividend of $0.1365 per share payable on August 15, 2019, to shareholders of record at the close of business on August 1, 2019. The AES Corporation (AES) is a Fortune 500 global power company. This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934.
A new business, called Uplight, has formed by merging two Colorado technology companies serving the utilities industry and that collectively reach a majority of North American households. Tendril and Simple Energy revealed their merger Monday. The company’s products help power utilities engage with their customers, encourage energy conservation and shape electricity consumption.
The AES Corporation (AES) today announced the merger of Simple Energy with Tendril to form Uplight, a new company that offers the most comprehensive suite of customer-facing solutions for electric and gas utilities. Building on AES’ 2018 investment in Simple Energy, the Company made a $53 million strategic investment in Uplight as part of the merger.
AES Corp NYSE:AESView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for AES with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AES. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.25 billion over the last one-month into ETFs that hold AES are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. AES credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The AES Corporation (AES) will host a conference call on Tuesday, August 6, 2019 at 9:00 a.m. Eastern Daylight Time (EDT) to review its second quarter 2019 financial results. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made.