Rep. Julie Johnson Sells The AES Co. (NYSE:AES) Shares

Representative Julie Johnson (D-Texas) recently sold shares of The AES Co. (NYSE:AES). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in AES stock on February 12th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Bank of New York Mellon (NYSE:BK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of The PNC Financial Services Group (NYSE:PNC) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/14/2025.

AES Stock Up 3.9 %

NYSE:AES opened at $12.30 on Friday. 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’s fifty day moving average is $11.27 and its two-hundred day moving average is $14.19. The AES Co. has a 52 week low of $9.88 and a 52 week high of $22.21. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.

AES (NYSE:AES) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period in the prior year, the firm earned $0.73 earnings per share. Research analysts anticipate that The AES Co. will post 1.93 EPS for the current 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 paid a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Thursday, May 1st. AES’s dividend payout ratio (DPR) is 29.54%.

Wall Street Analysts Forecast Growth

AES has been the topic of several analyst reports. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. Mizuho cut their price target on AES from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research note on Friday, December 13th. Barclays cut their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, HSBC initiated coverage on AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

Institutional Investors Weigh In On AES

A number of hedge funds have recently added to or reduced their stakes in AES. Millburn Ridgefield Corp acquired a new stake in AES in the third quarter valued at about $28,000. SRS Capital Advisors Inc. lifted its position in AES by 190.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,581 shares during the period. Optiver Holding B.V. lifted its position in AES by 79.5% in the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,201 shares during the period. WR Wealth Planners LLC lifted its position in AES by 93.3% in the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,369 shares during the period. Finally, McIlrath & Eck LLC lifted its position in AES by 760.4% in the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 2,958 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About AES

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.