Mitsubishi UFJ Trust & Banking Corp Purchases 2,799,148 Shares of The AES Corporation $AES

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in The AES Corporation (NYSE:AES) by 975.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,086,164 shares of the utilities provider’s stock after buying an additional 2,799,148 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in AES were worth $32,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AES. S&CO Inc. raised its stake in shares of AES by 23.1% during the second quarter. S&CO Inc. now owns 16,000 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 3,000 shares during the last quarter. Zions Bancorporation National Association UT raised its position in AES by 28.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 25,219 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 5,532 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in AES during the 2nd quarter worth about $648,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of AES by 10.9% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 7,812,629 shares of the utilities provider’s stock valued at $82,189,000 after buying an additional 769,168 shares during the period. Finally, Sound Shore Management Inc CT raised its position in shares of AES by 32.3% during the second quarter. Sound Shore Management Inc CT now owns 8,067,687 shares of the utilities provider’s stock worth $84,872,000 after acquiring an additional 1,969,741 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on AES. Barclays increased their target price on shares of AES from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. increased their price objective on shares of AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded shares of AES from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Susquehanna lifted their price objective on AES from $16.00 to $17.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. Finally, Evercore ISI initiated coverage on AES in a research note on Monday, October 6th. They issued an “in-line” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AES currently has an average rating of “Moderate Buy” and an average target price of $24.00.

AES Price Performance

Shares of NYSE:AES opened at $13.66 on Friday. The AES Corporation has a twelve month low of $9.46 and a twelve month high of $15.51. The stock’s 50 day moving average is $13.82 and its 200-day moving average is $12.55. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 3.46. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.59 and a beta of 0.98.

AES (NYSE:AES) last announced its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. AES had a net margin of 8.42% and a return on equity of 19.02%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the business posted $0.71 EPS. AES’s quarterly revenue was up 1.9% on a year-over-year basis. AES has set its FY 2025 guidance at 2.100-2.26 EPS. Sell-side analysts forecast that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.176 per share. The ex-dividend date is Friday, October 31st. This represents a $0.70 dividend on an annualized basis and a yield of 5.2%. AES’s payout ratio is 43.75%.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.