Mitsubishi UFJ Trust & Banking Corp Lowers Stock Holdings in The AES Corporation $AES

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of The AES Corporation (NYSE:AES) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,759,431 shares of the utilities provider’s stock after selling 326,733 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.39% of AES worth $36,314,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC grew its holdings in shares of AES by 50.8% in the third quarter. TD Private Client Wealth LLC now owns 3,401 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,146 shares in the last quarter. Bogart Wealth LLC boosted its position in AES by 406.5% in the 3rd quarter. Bogart Wealth LLC now owns 1,869 shares of the utilities provider’s stock valued at $25,000 after buying an additional 1,500 shares during the period. Amalgamated Bank grew its stake in shares of AES by 1.2% in the second quarter. Amalgamated Bank now owns 137,543 shares of the utilities provider’s stock worth $1,447,000 after acquiring an additional 1,601 shares in the last quarter. Cromwell Holdings LLC increased its position 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 acquiring an additional 1,737 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of AES by 24.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AES. Weiss Ratings reissued a “hold (c-)” rating on shares of AES in a research note on Monday, December 29th. Susquehanna boosted 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. Mizuho raised their target price on shares of AES from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Argus upgraded shares of AES from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, December 5th. Finally, Barclays raised their price objective on shares of AES from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.83.

AES Stock Performance

Shares of AES stock opened at $14.23 on Monday. The firm has a market capitalization of $10.13 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 0.98. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 3.15. The AES Corporation has a 52 week low of $9.46 and a 52 week high of $15.51. The firm’s 50 day moving average is $14.03 and its two-hundred day moving average is $13.72.

AES (NYSE:AES) last issued its earnings results on Tuesday, November 4th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The company’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. Research analysts forecast that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, January 30th. AES’s payout ratio is presently 43.75%.

AES Company Profile

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.