The AES Corporation $AES Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of The AES Corporation (NYSE:AES) by 10.6% during the third quarter, HoldingsChannel.com reports. The fund owned 2,759,431 shares of the utilities provider’s stock after selling 326,733 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in AES were worth $36,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC boosted its stake in AES by 406.5% during the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,500 shares during the period. Cromwell Holdings LLC boosted its stake in shares of AES by 232.5% during the third quarter. Cromwell Holdings LLC now owns 2,484 shares of the utilities provider’s stock worth $33,000 after buying an additional 1,737 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of AES by 50.8% during the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock worth $45,000 after buying an additional 1,146 shares during the last quarter. GAMMA Investing LLC increased its position in AES by 24.8% in the 2nd quarter. GAMMA Investing LLC now owns 9,095 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 1,805 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in AES by 448.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 9,836 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 8,042 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AES. Susquehanna lifted their target price on AES from $16.00 to $17.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Barclays lifted their price objective 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. Argus upgraded shares of AES from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of AES in a research note on Monday, December 29th. Finally, Evercore ISI started coverage on shares of AES in a research note on Monday, October 6th. They set an “in-line” rating and a $15.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, AES currently has an average rating of “Moderate Buy” and an average price target of $23.83.

AES Trading Down 2.6%

NYSE:AES opened at $14.23 on Monday. The AES Corporation has a 1 year low of $9.46 and a 1 year high of $15.51. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a fifty day moving average price of $14.03 and a two-hundred day moving average price of $13.72. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.54 and a beta of 0.98.

AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. AES had a net margin of 9.47% and a return on equity of 18.83%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. AES has set its FY 2025 guidance at 2.100-2.26 EPS. As a group, sell-side analysts anticipate that The AES Corporation will post 1.93 earnings per share for the current fiscal year.

AES Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, January 30th. AES’s dividend payout ratio (DPR) is presently 43.75%.

About AES

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.