AES (NYSE:AES) Stock Acquired Rep. Robert Bresnahan, Jr.

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 Down 0.1 %

Shares of AES stock traded down $0.02 during mid-day trading on Friday, reaching $12.42. The stock had a trading volume of 11,081,428 shares, compared to its average volume of 10,994,778. 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’s 50-day moving average price is $11.35 and its two-hundred day moving average price is $13.85. The firm has a market capitalization of $8.84 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The AES Co. has a 52-week low of $9.88 and a 52-week high of $22.21.

AES (NYSE:AES) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same quarter in the prior year, the company posted $0.73 EPS. Equities analysts expect that The AES Co. will post 1.93 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a yield of 5.67%. AES’s payout ratio is currently 29.54%.

Hedge Funds Weigh In On AES

Several large investors have recently modified their holdings of AES. FMR LLC raised its holdings in 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 buying an additional 8,027,426 shares during the last quarter. State Street Corp raised its holdings in AES by 18.2% in the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after acquiring an additional 5,960,546 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in 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 purchasing an additional 7,519,129 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AES by 2.3% in the 4th 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. raised its stake in shares of AES by 64.2% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AES shares. Hsbc Global Res raised shares of AES to a “strong-buy” rating in a research report on Friday, December 13th. HSBC started coverage on shares of AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective for the company. Seaport Res Ptn lowered AES from a “hold” rating to a “strong sell” rating in a research report on Monday, March 3rd. Barclays dropped their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Mizuho lowered their price objective on AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.63.

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

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.