The AES Corporation is a Fortune 500 company that generates and distributes electrical power. AES is headquartered in Arlington, Virginia, and is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke, two appointees of the Federal Energy Administration under president Richard Nixon. The company was initially a consulting firm; it became AES Corporation, which went public in 1991. Sant was chairman, CEO, and president and Bakke was executive vice president until assuming the position of president in 1987. Bakke would later become the company's CEO in 1994, serving for 8 years until his resignation in 2002, in the midst of a liquidity crisis that followed the collapse of the energy giant Enron. Sant remained as executive chairman until 2003 and as a member of the board until 2006. Paul Hanrahan was appointed President and CEO and served for 10 years, overseeing the stabilization of the company. Until the early 2000’s the company followed self management delegating much responsibility to ordinary employees. In 2012, Hanrahan resigned, his position as President and CEO of the company succeeded by Andres Gluski. As CEO, Gluski has implemented a strategy of reducing the number of countries in which AES does business, from 28 to 16, for the purpose of consolidating operations and reducing costs. Additionally, he also began a program of reducing the company's total carbon emission intensity.

Company profile
Ticker
AES, AESC
Exchange
Website
CEO
Andres Gluski
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AES CORPORATION
SEC CIK
Corporate docs
Subsidiaries
12963 Main Solar 1, LLC • 241 Knapp Road Solar, LLC • 241 Knapp Solar 2, LLC • 25 Ashdown Road Solar, LLC • 52RS 8me LLC • 61LK 8me, LLC • 65HK 8me LLC • 67RK 8me LLC • 87RL 8ME LLC • Aberdeen Solar LLC ...
IRS number
541163725
AES stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
17 May 23
424B2
Prospectus for primary offering
16 May 23
FWP
Free writing prospectus
15 May 23
424B2
Prospectus for primary offering
15 May 23
8-K
AES Outlines Long-Term Strategy for Growth in Renewables & US Utilities, While Executing on Intent to Exit Coal by Year-End 2025
8 May 23
8-K
Other Events
8 May 23
8-K
AES Reports Positive Momentum in First Quarter; Reaffirms 2023 Guidance; Introduces New Strategic Business Units
4 May 23
10-Q
2022 Q2
Quarterly report
4 May 23
8-K
Amendments to Articles of Incorporation or Bylaws
24 Apr 23
ARS
2022 FY
Annual report to shareholders
3 Mar 23
Transcripts
AES
Earnings call transcript
2023 Q1
5 May 23
AES
Earnings call transcript
2022 Q4
27 Feb 23
AES
Earnings call transcript
2022 Q3
4 Nov 22
AES
Earnings call transcript
2022 Q2
5 Aug 22
AES
Earnings call transcript
2022 Q1
6 May 22
AES
Earnings call transcript
2021 Q4
25 Feb 22
AES
Earnings call transcript
2021 Q3
4 Nov 21
AES
Earnings call transcript
2021 Q2
5 Aug 21
AES
Earnings call transcript
2021 Q1
6 May 21
AES
Earnings call transcript
2020 Q4
25 Feb 21
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.08 bn | 2.08 bn | 2.08 bn | 2.08 bn | 2.08 bn | 2.08 bn |
Cash burn (monthly) | 3.33 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.27 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 2.07 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 620.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
94.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 651 |
Opened positions | 74 |
Closed positions | 96 |
Increased positions | 237 |
Reduced positions | 244 |
13F shares | Current |
---|---|
Total value | 15.26 tn |
Total shares | 633.96 mm |
Total puts | 389.20 k |
Total calls | 1.60 mm |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 90.98 mm | $2.19 tn |
Capital World Investors | 71.70 mm | $1.73 tn |
Capital International Investors | 57.10 mm | $1.37 tn |
BLK Blackrock | 45.40 mm | $1.09 tn |
STT State Street | 33.79 mm | $813.75 bn |
FMR | 24.29 mm | $584.95 bn |
AMP Ameriprise Financial | 19.98 mm | $481.32 bn |
Orbis Allan Gray | 17.98 mm | $432.98 bn |
Wellington Management | 14.74 mm | $354.83 bn |
Geode Capital Management | 13.75 mm | $330.41 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Apr 23 | Davidson Janet | Units Common Stock | Grant | Acquire A | No | No | 23.87 | 9,007 | 215.00 k | 57,487 |
20 Apr 23 | Khanna Tarun | Units Common Stock | Grant | Acquire A | No | No | 23.87 | 9,636 | 230.01 k | 255,211 |
20 Apr 23 | Holly K Koeppel | Units Common Stock | Grant | Acquire A | No | No | 23.87 | 7,331 | 174.99 k | 151,727 |
20 Apr 23 | Laulis Julia M. | Units Common Stock | Grant | Acquire A | No | No | 23.87 | 11,521 | 275.01 k | 56,294 |
20 Apr 23 | Monie Alain | Units Common Stock | Grant | Acquire A | No | No | 23.87 | 7,331 | 174.99 k | 93,750 |
News
AES Raises $900M Via Senior Notes Offering
16 May 23
AES Chalks Out Long-Term Guidance, Plans To Exit Coal By End-2025
8 May 23
AES Clocks ~14% Revenue Growth In Q1, Introduces 4 New Strategic Business Units
5 May 23
AES Reaffirms FY23 Adj. EPS Outlook $1.65 - $1.75 Vs. $1.72 Estimate
5 May 23
AES: Q1 Earnings Insights
4 May 23
Press releases
AES Commences Operation of First Phase of Chevelon Butte Wind Farm
1 Jun 23
AES Announces Pricing of $900 Million of Senior Notes in Public Offering
15 May 23
AES Announces Public Offering of Senior Notes
15 May 23
AES Outlines Long-Term Strategy for Growth in Renewables & US Utilities, While Executing on Intent to Exit Coal by Year-End 2025
8 May 23
AES Reports Positive Momentum in First Quarter; Reaffirms 2023 Guidance; Introduces New Strategic Business Units
4 May 23