Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The AES Co. NYSE: AES. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in AES stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
AES Trading Up 0.4 %
NYSE AES traded up $0.06 during trading hours on Wednesday, hitting $12.43. 1,890,000 shares of the company's stock were exchanged, compared to its average volume of 10,956,791. The AES Co. has a 1-year low of $9.88 and a 1-year high of $22.21. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The stock has a 50-day simple moving average of $11.38 and a 200 day simple moving average of $13.72. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.82 and a beta of 0.94.
AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.34 by $0.20. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the business posted $0.73 earnings per share. On average, equities analysts forecast that The AES Co. will post 1.93 EPS for the current fiscal year.
AES Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio is 29.54%.
Institutional Investors Weigh In On AES
A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of AES by 19.5% in the fourth quarter. FMR LLC now owns 49,173,626 shares of the utilities provider's stock worth $632,865,000 after acquiring an additional 8,027,426 shares during the period. State Street Corp boosted its holdings in shares of AES by 18.2% in the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider's stock worth $775,354,000 after buying an additional 5,960,546 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of AES by 35.7% during the 4th quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider's stock valued at $367,499,000 after acquiring an additional 7,519,129 shares during the period. Geode Capital Management LLC grew its position in shares of AES by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 16,895,678 shares of the utilities provider's stock worth $216,862,000 after purchasing an additional 381,761 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in AES by 64.2% in the 4th quarter. Invesco Ltd. now owns 15,948,807 shares of the utilities provider's stock worth $205,261,000 after purchasing an additional 6,238,087 shares in the last quarter. Institutional investors own 93.13% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on AES shares. Mizuho reduced their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Hsbc Global Res raised AES to a "strong-buy" rating in a report on Friday, December 13th. Bank of America upgraded AES from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $13.00 in a research report on Tuesday, March 4th. Seaport Res Ptn downgraded shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. Finally, Susquehanna cut their target price on shares of AES from $16.00 to $15.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.63.
View Our Latest Analysis on AES
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
AES Company Profile
(
Get Free Report)
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.
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