Price Action to Note: A Reversal for AES Corp Is Not Near. The Stock Rises Again

Price Action to Note: A Reversal for AES Corp Is Not Near. The Stock Rises Again

The stock of AES Corp (NYSE:AES) is a huge mover today! About 6.44M shares traded hands or 10.65% up from the average. AES Corp (NYSE:AES) has risen 3.43% since April 4, 2016 and is uptrending. It has outperformed by 2.34% the S&P500.
The move comes after 8 months positive chart setup for the $8.01 billion company. It was reported on Nov, 4 by Barchart.com. We have $16.55 PT which if reached, will make NYSE:AES worth $2.72 billion more.

AES Corp (NYSE:AES) Ratings Coverage

Out of 6 analysts covering AES Corporation (NYSE:AES), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. AES Corporation has been the topic of 8 analyst reports since September 24, 2015 according to StockzIntelligence Inc. As per Monday, October 19, the company rating was downgraded by Argus Research. The stock of AES Corp (NYSE:AES) earned “Equal Weight” rating by Barclays Capital on Tuesday, October 4. The rating was initiated by Wolfe Research on Wednesday, November 4 with “Peer Perform”. UBS downgraded AES Corp (NYSE:AES) on Monday, October 3 to “Sel” rating.

According to Zacks Investment Research, “AES Corporation and its subsidiaries and affiliates are a global power company committed to serving the world’s needs for electricity in a socially responsible way. AES’s electricity generation business consists of sales to wholesale customers for further resale to end users. AES also sells electricity directly to end users such as commercial, industrial, governmental and residential customers through its distribution business.”

Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. Its up 0.18, from 1.05 in 2016Q1. The ratio improved, as 32 funds sold all AES Corp shares owned while 119 reduced positions. 40 funds bought stakes while 145 increased positions. They now own 608.68 million shares or 2.18% less from 622.22 million shares in 2016Q1.
Neuberger Berman Grp Ltd accumulated 2.47M shares or 0.04% of the stock. Chevy Chase Tru Inc last reported 565,253 shares in the company. Axa has invested 0% of its portfolio in AES Corp (NYSE:AES). Moreover, Cibc Ww Incorporated has 0.01% invested in AES Corp (NYSE:AES) for 158,904 shares. Gamco Investors Et Al accumulated 582,900 shares or 0.05% of the stock. Markston Intll Lc reported 2,800 shares or 0% of all its holdings. Quantum Cap Management, a California-based fund reported 134,168 shares. Moreover, Price T Rowe Inc Md has 0.21% invested in AES Corp (NYSE:AES) for 81.04 million shares. Caisse De Depot Et Placement Du Quebec last reported 1.02 million shares in the company. Proshare Limited Liability Company holds 0.01% of its portfolio in AES Corp (NYSE:AES) for 92,479 shares. The Utah-based Utah Retirement Systems has invested 0.04% in AES Corp (NYSE:AES). The Japan-based Mizuho Trust & Company has invested 0.04% in AES Corp (NYSE:AES). Calamos Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Evermay Wealth Mgmt Ltd Llc has 10,000 shares for 0.07% of their US portfolio. Reliance Trust Of Delaware accumulated 0.02% or 21,425 shares.

More notable recent AES Corp (NYSE:AES) news were published by: Nasdaq.com which released: “AES Corp (AES): A Beat in the Cards this Earnings Season?” on November 03, 2016, also Zacks.com with their article: “Why AES Corp. (AES) Might Surprise This Earnings Season” published on November 03, 2016, Reuters.com published: “BRIEF-Aes Corp reports Q3 earnings per share $0.26” on November 04, 2016. More interesting news about AES Corp (NYSE:AES) were released by: Benzinga.com and their article: “10 Stocks You Should Be Watching Today” published on November 04, 2016 as well as Prnewswire.com‘s news article titled: “Electric Utilities Stocks Under Scanner — Southern, AES Corp., PPL Corp., and …” with publication date: October 28, 2016.

AES Company Profile

The AES Corporation, incorporated on January 28, 1981, is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Firm is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia. Within these SBUs, the Company has two lines of business: generation and utilities. The Company’s United States SBU has over 20 generation facilities and approximately two integrated utilities in the United States. The Company’s Andes SBU has generation facilities in over three countries: Chile, Colombia and Argentina. The Company’s Brazil SBU has generation and distribution businesses: Eletropaulo and Tiete. The Company’s MCAC SBU has a portfolio of distribution businesses and generation facilities, including renewable energy, in over five countries, with a total capacity of approximately 3,240 megawatt (MW) and distribution networks. The Company’s Europe SBU has generation facilities in over five countries and its Asia SBU has generation facilities in over four countries.

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