River Road Asset Management LLC Cuts Stock Position in The AES Corporation $AES

River Road Asset Management LLC trimmed its holdings in shares of The AES Corporation (NYSE:AES) by 57.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,519 shares of the utilities provider’s stock after selling 458,795 shares during the period. River Road Asset Management LLC’s holdings in AES were worth $3,519,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in shares of AES by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 1,323,908 shares of the utilities provider’s stock valued at $13,927,000 after acquiring an additional 43,578 shares during the period. Mufg Securities Americas Inc. increased its position in AES by 25.4% in the second quarter. Mufg Securities Americas Inc. now owns 15,777 shares of the utilities provider’s stock worth $166,000 after buying an additional 3,191 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of AES by 975.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,086,164 shares of the utilities provider’s stock worth $32,466,000 after acquiring an additional 2,799,148 shares during the period. S&CO Inc. increased its holdings in AES by 23.1% in the 2nd quarter. S&CO Inc. now owns 16,000 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Zions Bancorporation National Association UT raised its stake in AES by 28.1% in the 2nd quarter. Zions Bancorporation National Association UT now owns 25,219 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 5,532 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Stock Down 0.6%

AES stock opened at $13.97 on Tuesday. The company’s 50 day moving average is $14.06 and its 200 day moving average is $12.82. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.59 and a beta of 0.98. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 3.46. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $15.51.

AES (NYSE:AES) last released its quarterly 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 business 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. AES has set its FY 2025 guidance at 2.100-2.26 EPS. Sell-side analysts predict that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $0.176 per share. The ex-dividend date was Friday, October 31st. This represents a $0.70 dividend on an annualized basis and a yield of 5.0%. AES’s dividend payout ratio (DPR) is presently 43.75%.

Analyst Ratings Changes

Several research firms have recently weighed in on AES. Jefferies Financial Group upgraded shares of AES from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AES in a report on Tuesday, November 25th. Evercore ISI initiated coverage on shares of AES in a report on Monday, October 6th. They set an “in-line” rating and a $15.00 target price on the stock. Morgan Stanley lifted their price target on AES from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Susquehanna increased their price objective on AES from $16.00 to $17.00 and gave the stock a “positive” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AES presently has an average rating of “Moderate Buy” and an average price target of $24.36.

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.