Vanguard Trims AES Corp Stake to 9.6% as of Dec 29, 2023

TL;DR

**Vanguard slightly reduced its AES Corp stake to 9.6%, watch for market reaction.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in AES Corp/The. As of December 29, 2023, Vanguard beneficially owned 70,513,100 shares of AES Corp's common stock, representing 9.6% of the company. This filing indicates a slight decrease in Vanguard's stake from a previous disclosure, which could signal a minor shift in their investment strategy for AES Corp, potentially impacting investor sentiment.

Why It Matters

This matters because Vanguard is a significant institutional investor, and changes in its holdings can influence market perception and potentially the stock price of AES Corp.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically doesn't pose a significant immediate risk to the company.

Analyst Insight

A smart investor would monitor AES Corp's stock performance and other institutional filings to see if this is part of a broader trend of institutional selling or simply a portfolio rebalancing by Vanguard.

Key Numbers

• 70,513,100 — Shares Beneficially Owned (Represents Vanguard's total holding in AES Corp as of December 29, 2023.)
• 9.6% — Percentage of Class (Indicates Vanguard's ownership stake in AES Corp's common stock.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• AES Corp/The (company) — the subject company whose securities are being reported
• 70,513,100 (dollar_amount) — number of shares beneficially owned by Vanguard
• 9.6% (dollar_amount) — percentage of AES Corp's common stock owned by Vanguard
• December 29, 2023 (person) — date of the event requiring the filing
• February 13, 2024 (person) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• Vanguard's slight reduction in ownership will likely have a neutral to slightly negative short-term impact on AES Corp's stock price. (AES Corp) — medium confidence, target: next 3 months

FAQ

Filing Documents

• tv0001-aescorpthe.htm (SC 13G/A) — 11KB
• 0001104659-24-019993.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: AES Corp/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4300 Wilson Boulevard, 11th floor Arlington, VA 22203-4168

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 00130H105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR