Oak Family Advisors LLC Takes Position in The AES Co. (NYSE:AES)

Oak Family Advisors LLC bought a new position in The AES Co. (NYSE:AES - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 244,865 shares of the utilities provider's stock, valued at approximately $3,041,000. AES makes up about 1.0% of Oak Family Advisors LLC's investment portfolio, making the stock its 28th largest holding.

A number of other large investors have also added to or reduced their stakes in AES. Yousif Capital Management LLC grew its stake in AES by 3.4% during the fourth quarter. Yousif Capital Management LLC now owns 93,674 shares of the utilities provider's stock worth $1,206,000 after purchasing an additional 3,049 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in AES by 47.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,174 shares of the utilities provider's stock valued at $946,000 after acquiring an additional 23,764 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in AES by 27.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,030,356 shares of the utilities provider's stock valued at $26,131,000 after buying an additional 434,356 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of AES by 3.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 70,006 shares of the utilities provider's stock worth $901,000 after purchasing an additional 2,057 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of AES by 22.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 8,472 shares of the utilities provider's stock worth $109,000 after purchasing an additional 1,551 shares in the last quarter. Institutional investors own 93.13% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on AES. Wall Street Zen cut AES from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Mizuho dropped their target price on shares of AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. HSBC lowered their target price on shares of AES from $15.00 to $14.00 in a research note on Monday, May 5th. Argus reiterated a "hold" rating on shares of AES in a research report on Tuesday, May 27th. Finally, Susquehanna decreased their price objective on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.

AES Stock Up 3.7%

NYSE:AES traded up $0.41 during trading hours on Tuesday, reaching $11.29. The company's stock had a trading volume of 18,811,538 shares, compared to its average volume of 12,660,491. The AES Co. has a 12 month low of $9.46 and a 12 month high of $20.63. The stock has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $11.52. The company has a market capitalization of $8.03 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85.

AES (NYSE:AES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.10). The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. AES's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Equities analysts predict that The AES Co. will post 1.93 EPS for the current fiscal year.

AES Profile

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.