Oak Family Advisors LLC Has $3.56 Million Stake in The AES Corporation $AES

Key Points

• Oak Family Advisors LLC increased its stake in The AES Corporation by 38.2% during the second quarter, holding 338,305 shares valued at approximately $3.56 million.
• Several brokerages have raised their target prices for AES, with estimates now ranging from $14.00 to $16.00 and a consensus rating of "Moderate Buy".
• The AES Corporation reported $0.51 earnings per share for the last quarter, exceeding estimates, but its revenue was down 3.0% year-over-year.

Oak Family Advisors LLC lifted its stake in shares of The AES Corporation (NYSE:AES - Free Report) by 38.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 338,305 shares of the utilities provider's stock after buying an additional 93,440 shares during the quarter. AES comprises approximately 1.1% of Oak Family Advisors LLC's investment portfolio, making the stock its 29th largest holding. Oak Family Advisors LLC's holdings in AES were worth $3,559,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Garde Capital Inc. acquired a new stake in shares of AES during the 1st quarter worth approximately $35,000. CVA Family Office LLC grew its position in shares of AES by 200.6% during the 1st quarter. CVA Family Office LLC now owns 3,250 shares of the utilities provider's stock worth $40,000 after buying an additional 2,169 shares during the period. Headlands Technologies LLC acquired a new stake in shares of AES during the 1st quarter worth approximately $40,000. Rothschild Investment LLC grew its position in shares of AES by 235.4% during the 1st quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider's stock worth $45,000 after buying an additional 2,523 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of AES by 33.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,880 shares of the utilities provider's stock worth $48,000 after buying an additional 974 shares during the period. Institutional investors and hedge funds own 93.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AES. Susquehanna increased their target price on AES from $15.00 to $16.00 and gave the stock a "positive" rating in a report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on AES from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Barclays increased their target price on AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded AES from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.67.

AES Price Performance

Shares of NYSE:AES opened at $13.17 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 3.46. The stock's fifty day simple moving average is $13.17 and its two-hundred day simple moving average is $11.88. The AES Corporation has a 1-year low of $9.46 and a 1-year high of $20.30. The stock has a market cap of $9.37 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.55 and a beta of 0.92.

AES (NYSE:AES - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.12. AES had a return on equity of 19.02% and a net margin of 8.42%.The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.97 billion. During the same period last year, the business earned $0.38 EPS. The business's revenue was down 3.0% on a year-over-year basis. As a group, analysts forecast that The AES Corporation will post 1.93 EPS for the current fiscal year.

AES Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.176 per share. The ex-dividend date was Friday, August 1st. This represents a $0.70 annualized dividend and a yield of 5.3%. AES's dividend payout ratio (DPR) is 49.30%.

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.

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