Oak Family Advisors LLC Increases Holdings in The AES Corporation $AES

Oak Family Advisors LLC increased its position in The AES Corporation (NYSE:AES) by 38.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 338,305 shares of the utilities provider’s stock after acquiring an additional 93,440 shares during the quarter. AES comprises 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 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Garde Capital Inc. purchased a new position in AES during the 1st quarter valued at about $35,000. Headlands Technologies LLC bought a new stake in shares of AES during the 1st quarter valued at about $40,000. CVA Family Office LLC boosted 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 valued at $40,000 after acquiring an additional 2,169 shares during the last quarter. Rothschild Investment LLC boosted 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 valued at $45,000 after acquiring an additional 2,523 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in AES by 33.5% in 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 last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Trading Down 0.6%

Shares of NYSE:AES opened at $13.17 on Tuesday. The company has a market cap of $9.37 billion, a P/E ratio of 9.27, a PEG ratio of 0.55 and a beta of 0.92. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The AES Corporation has a 1 year low of $9.46 and a 1 year high of $20.30. The stock’s fifty day moving average price is $13.17 and its 200-day moving average price is $11.88.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.97 billion. AES had a return on equity of 19.02% and a net margin of 8.42%.The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Sell-side analysts expect that The AES Corporation will post 1.93 earnings per share for the current year.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.176 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, August 1st. AES’s dividend payout ratio is presently 49.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AES. Susquehanna boosted their target price on AES from $15.00 to $16.00 and gave the stock a “positive” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted 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. Wall Street Zen raised AES from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Barclays boosted 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, AES currently has an average rating of “Moderate Buy” and an average target price of $24.67.

AES Company 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.