Rep. Robert Bresnahan, Jr. Buys The AES Co. (NYSE:AES) Stock

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 %

NYSE:AES opened at $12.42 on Friday. The AES Co. has a 52-week low of $9.88 and a 52-week high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The stock has a fifty day simple moving average of $11.35 and a 200-day simple moving average of $13.83. The company 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.

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

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 5.67%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio (DPR) is 29.54%.

Institutional Investors Weigh In On AES

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of AES by 19.5% during the 4th quarter. FMR LLC now owns 49,173,626 shares of the utilities provider’s stock worth $632,865,000 after purchasing an additional 8,027,426 shares during the period. State Street Corp grew its stake in AES by 18.2% during 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 period. Ameriprise Financial Inc. increased its position in shares of AES by 35.7% in the fourth quarter. Ameriprise Financial Inc. now owns 28,571,119 shares of the utilities provider’s stock worth $367,499,000 after acquiring an additional 7,519,129 shares in the last quarter. Geode Capital Management LLC raised its stake 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 valued at $216,862,000 after acquiring an additional 381,761 shares during the period. Finally, Invesco Ltd. boosted its position in AES by 64.2% during 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 during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AES has been the topic of several recent research reports. Barclays reduced their price objective on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. HSBC initiated coverage on shares of AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price target for the company. Seaport Res Ptn downgraded shares of AES from a “hold” rating to a “strong sell” rating in a research note on Monday, March 3rd. Mizuho lowered their target price on shares of AES from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Finally, Susquehanna reduced their price target on AES from $16.00 to $15.00 and set a “positive” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.