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AES $17.79   View long term graphs

The AES Corporation
Type
Public
Traded as NYSE: AES
DJUA Component
S&P 500 Component
Industry Energy
Founded January 28, 1981
Founder

Roger Sant

Dennis Bakke
Headquarters Arlington, Virginia, U.S.
Area served
Worldwide
Key people

Charles Rossotti, Chairman

Andres Gluski, President and CEO
Products Electricity
Revenue DecreaseUS$13.58 billion (2016)
Net income
DecreaseUS$-1.13 billion (2016)
Total assets DecreaseUS$36.11 billion (2016)
Total equity DecreaseUS$2.79 billion (2016)
Number of employees
19,000 (2016)
Website AES.com

Roger Sant

Charles Rossotti, Chairman

The AES Corporation is a Fortune 200 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 17 countries and employing 21,000 people worldwide.

The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke who met in the Nixon/Ford Administration as appointees in the Federal Energy Administration. 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 1987 when Bakke became President. Bakke became CEO in 1994 until he resigned in 2002. Sant remained as Executive Chairman until 2003 and as a member of the board until 2006.

Bakke and Sant expanded AES at a breakneck pace, building power plants in 29 countries and expanding its staff from 1,400 to 32,000 employees. At the same time, they advocated a decentralized management system, promoting social responsibility over profits.

AES acquired the assets of Indianapolis Power & Light, Ipalco, in 2000.

After the collapse of Enron in 2002, another energy giant, AES faced a liquidity crisis and Bakke resigned. Paul Hanrahan was appointed President and CEO and served for 10 years as the company stabilized. In 2012 he resigned and Andres Gluski was named President and CEO to the present.

AES acquired DPL Inc. known as Dayton Power & Light in 2011.

In fiscal 2015 AES's total revenue was $15 billion.


News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-26 Future report Set alerts
Q3 2020 2020-11-04 Future report Set alerts
Q2 2020 2020-08-06 0.25 -0.13
Q1 2020 2020-05-07 0.29 0.22
Q4 2019 2020-02-28 0.35 -0.12
Q3 2019 2019-11-06 0.48 0.32
Q2 2019 2019-08-06 0.26 0.02
Q1 2019 2019-05-07 0.28 0.23
Q4 2018 2019-02-27 0.36 0.15
Q3 2018 2018-11-06 0.35 0.15

Ratings

2016-07-07 Reiterated Rating Barclays PLC Overweight $14.00
2016-06-16 Reiterated Rating JPMorgan Chase & Co. Buy
2016-01-15 Lower Price Target Barclays Overweight $14.00 to $12.00
2016-01-15 Lower Price Target Barclays PLC Overweight $14.00 to $12.00
2015-11-23 Lower Price Target Macquarie Outperform $14.50 to $13.00
2015-11-06 Lower Price Target Evercore ISI Buy $15.00 to $13.25
2015-11-04 Initiated Coverage Wolfe Research Peer Perform
2015-10-19 Downgrade Argus Buy to Hold
2015-09-24 Lower Price Target RBC Capital Outperform $15.00 to $14.00
2015-09-24 Lower Price Target Royal Bank Of Canada Outperform $15.00 to $14.00
2015-06-05 Upgrade JPMorgan Chase & Co. Neutral to Overweight $14.00 to $16.00
2015-05-23 Reiterated Rating RBC Capital Outperform $14.00 to $15.00
2015-02-19 Lower Price Target JPMorgan Chase & Co. Neutral $15.00 to $14.00
2015-02-10 Downgrade Bank of America Buy to Neutral $15.00 to $12.00
2015-02-10 Downgrade Bank of America Corp. Buy to Neutral $15.00 to $12.00
2014-11-07 Reiterated Rating Barclays Overweight $18.00 to $17.00
2014-11-03 Initiated Coverage RBC Capital Outperform $16.00
2014-07-15 Boost Price Target JPMorgan Chase & Co. Neutral $16.00 to $17.00
2014-06-30 Boost Price Target Barclays Overweight $17.00 to $18.00
2014-06-26 Reiterated Rating Morgan Stanley Equal Weight $16.00
2014-06-18 Reiterated Rating Morgan Stanley Equal Weight $16.00
2014-05-22 Initiated Coverage Morgan Stanley Equal Weight $15.00
2014-02-24 Initiated Coverage JPMorgan Chase & Co. Neutral $16.00
2013-11-22 Boost Price Target Argus Buy $16.00 to $18.00
2013-11-12 Boost Price Target Macquarie Outperform $14.50 to $15.50
2013-03-25 Reiterated Argus Buy $14 to $16
2010-06-10 Upgrade Argus Hold to Buy $18
2009-12-10 Downgrade Argus Buy to Hold
2008-10-24 Downgrade Barclays Capital Overweight to Equal Weight
2008-10-06 Reiterated Barclays Capital Overweight $22 to $16
2007-10-16 Initiated HSBC Securities Overweight $28
2007-06-22 Upgrade Citigroup Hold to Buy
2007-03-06 Upgrade Lehman Brothers Equal-weight to Overweight
2016-07-07 Reiterated Rating Barclays PLC Overweight $14.00
2016-06-16 Reiterated Rating JPMorgan Chase & Co. Buy
2016-01-15 Lower Price Target Barclays Overweight $14.00 to $12.00
2016-01-15 Lower Price Target Barclays PLC Overweight $14.00 to $12.00
2015-11-23 Lower Price Target Macquarie Outperform $14.50 to $13.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Terrific Investment Corp 8.22%  (59468788) AES /
Gluski Andres Executive VP & COO 0.13%  (942734) AES / CLF / WM /
HANRAHAN PAUL T President and CEO 0.04%  (317281) ACI / AES / INGR / WAAS /
O'Flynn Thomas M. EVP and CFO 0.04%  (308845) AES /
miller brian a EVP, General Counsel and Secy 0.03%  (222502) AES /
Vesey Andrew COO Utilities 0.02%  (148361) AES /
Da Santos Bernerd Sr. VP and COO 0.01%  (104054) AES /
HACKENSON ELIZABETH Sr. VP and CIO 0.01%  (99056) AES /
Harker Victoria D CFO & Pres Global Business Svs 0.01%  (92042) AES / DRI / GCI / HII / XYL /
Hall, III Edward C COO Generation 0.01%  (82962) AES / AT / BGC / TERP /
Tigre Margaret SVP Finance 0.01%  (76385) AES /
Mendoza Tish Sr. VP & Chief HR Officer 0.01%  (64664) AES /
Chilton Michael Sr. VP Global Engr & Const 0.01%  (59995) AES /
Mohan Vineet Sr. VP Global Engr & Const 0.01%  (52484) AES /

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