AES Corp (NYSE:AES) executive vice president and chief human resources officer, Mendoza Tish, has sold shares in the company, according to a recent SEC filing. On May 20, Tish sold 66,250 shares of common stock at prices ranging from $21.20 to $21.24, with a weighted average price of $21.21, resulting in a total transaction value of approximately $1.4 million.
The transactions occurred on the same day Tish also acquired 66,250 shares through the exercise of stock options at a price of $11.89 per share, totaling around $787,712. It's important to note that the exercise of options is a separate transaction from the sale of shares, and the reported values pertain to the actual stock sales.
Following these transactions, Tish's ownership in AES Corp has changed, but the filing indicates a direct holding of 199,481 shares after the sale. Additionally, Tish indirectly owns 27,498 shares through a 401(k) plan, as per the latest updates in the filing.
The SEC filing also revealed that since the last report on February 26, 2024, Tish acquired an additional 222 shares of AES Corp common stock as part of The AES Corporation (NYSE:AES) Retirement Savings Plan. Furthermore, the stock options exercised by Tish were part of a long-term compensation plan from AES Corp, vesting in three equal annual installments from 2016 to 2018.
Investors often monitor insider transactions such as these for insights into executive sentiment about the company's performance and stock valuation. AES Corp's shares are publicly traded on the New York Stock Exchange, and the company is known for its cogeneration services and small power production.
InvestingPro Insights
As AES Corp (NYSE:AES) executive vice president and chief human resources officer, Mendoza Tish, navigates her stock transactions, investors looking at the broader picture of AES might find recent metrics and analyst insights from InvestingPro useful. The company currently has a market capitalization of $14.95 billion and a P/E ratio standing at 27.08, which suggests a valuation that investors are willing to pay for its earnings.
Notably, AES has demonstrated a commitment to shareholder returns, having increased its dividend for 12 consecutive years, a fact that might appeal to income-focused investors. This streak of dividend growth aligns with the company's dividend yield of 3.24% as of the last twelve months up to Q1 2024, slightly above the average for the utility sector.
On the performance front, AES has seen a strong price total return over the last month, with a significant 31.02% increase, which may indicate robust investor confidence or a reaction to recent company developments. This performance is echoed in the three-month (29.83%) and six-month (29.68%) returns, suggesting a positive short-term trend in the stock's trajectory. For those considering a deeper dive into AES's financial health and future prospects, there are additional InvestingPro Tips available, including insights on the company's debt burden and cash flow concerns.
For investors seeking comprehensive analysis and further strategic insights, InvestingPro offers more tips on AES. Utilize the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and access the full list of tips that could help inform your investment decisions.
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