FMR LLC & Abigail Johnson Disclose 5.867% Stake in AES CORP
Ticker: AES · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 874761
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 5.867% stake in AES CORP, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have reported a 5.867% beneficial ownership stake in AES CORP, totaling 39,341,730 shares of common stock as of February 9, 2024. This filing indicates a significant, passive investment by a large institutional player, suggesting confidence in AES CORP's long-term prospects. For current or prospective shareholders, this means a substantial institutional investor believes in the company's value, which can provide a degree of stability and validation.
Why It Matters
A major institutional investor like FMR LLC taking a significant stake can signal market confidence and potentially attract other investors, influencing stock price stability.
Risk Assessment
Risk Level: low — This is a passive investment filing, indicating no immediate intent to influence company control, thus posing low risk to existing shareholders.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a large, sophisticated investor sees value in AES CORP. It might warrant further research into AES CORP's fundamentals, but this filing itself doesn't necessitate immediate buying or selling.
Key Numbers
- 39,341,730 — Shares Beneficially Owned (Total common stock shares of AES CORP owned by FMR LLC and Abigail P. Johnson)
- 5.867% — Percent of Class (Percentage of AES CORP's common stock beneficially owned by FMR LLC and Abigail P. Johnson)
Key Players & Entities
- FMR LLC (company) — Reporting Person, parent holding company
- Abigail P. Johnson (person) — Reporting Person, principal owner of FMR LLC
- AES CORP (company) — Issuer of the common stock
- 01 Energy & Transportation (company) — Organization name associated with AES CORP
Forward-Looking Statements
- AES CORP's stock may experience increased stability due to significant institutional backing. (AES CORP) — medium confidence, target: Next 6-12 months
- FMR LLC will maintain its passive investment stance in AES CORP. (FMR LLC) — high confidence, target: Ongoing
FAQ
Who are the primary reporting persons in this SC 13G filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both reporting entities.
What is the total number of AES CORP common stock shares beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson beneficially own 39,341,730 shares of AES CORP common stock, as indicated in Item 7 and Item 9 for both reporting persons, and Item 4(a) for FMR LLC.
What percentage of AES CORP's common stock class do the reporting persons beneficially own?
The reporting persons, FMR LLC and Abigail P. Johnson, beneficially own 5.867% of AES CORP's common stock class, as detailed in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
What is the CUSIP number for AES CORP's common stock mentioned in the filing?
The CUSIP number for AES CORP's common stock is 00130H105, as stated under 'Cusip #00130H105' and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box '[x] Rule 13d-1(b)' and Item 3, which states FMR LLC is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding AES CORP (AES).