Mitsubishi UFJ Trust & Banking Corp Has $32.47 Million Holdings in The AES Corporation $AES

Mitsubishi UFJ Trust & Banking Corp grew its position in The AES Corporation (NYSE:AES) by 975.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,086,164 shares of the utilities provider’s stock after purchasing an additional 2,799,148 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.43% of AES worth $32,466,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AES. Orbis Allan Gray Ltd grew its holdings in AES by 21.8% in the 1st quarter. Orbis Allan Gray Ltd now owns 27,518,952 shares of the utilities provider’s stock valued at $341,785,000 after buying an additional 4,930,252 shares in the last quarter. Invesco Ltd. grew its stake in shares of AES by 30.4% in the first quarter. Invesco Ltd. now owns 20,790,956 shares of the utilities provider’s stock valued at $258,224,000 after acquiring an additional 4,842,149 shares in the last quarter. Sound Shore Management Inc CT increased its position in 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 period. Nuveen LLC acquired a new stake in AES in the 1st quarter worth about $18,357,000. Finally, Goldman Sachs Group Inc. boosted its holdings in AES by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,115,438 shares of the utilities provider’s stock valued at $88,374,000 after purchasing an additional 1,421,899 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of AES from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Evercore ISI started coverage on AES in a report on Monday, October 6th. They issued an “in-line” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. raised their price target on AES from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Barclays upped 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, October 21st. Finally, Susquehanna raised their target price on shares of AES from $16.00 to $17.00 and gave the company a “positive” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, AES has an average rating of “Moderate Buy” and a consensus target price of $24.00.

AES Stock Performance

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 company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 3.46. The stock’s 50-day simple moving average is $13.82 and its 200 day simple moving average is $12.55. The firm has a market capitalization of $9.73 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.59 and a beta of 0.98.

AES (NYSE:AES) last posted its earnings results on Tuesday, November 4th. The utilities provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.37 billion. AES had a net margin of 8.42% and a return on equity of 19.02%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. AES has set its FY 2025 guidance at 2.100-2.26 EPS. On average, analysts anticipate that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The business also recently announced 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, October 31st. AES’s payout ratio is presently 43.75%.

About AES

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.