Notable Price Action: Can AES Corp’s Tomorrow Be Different? The Stock Increases Again

Notable Price Action: Can AES Corp's Tomorrow Be Different? The Stock Increases Again

The stock of AES Corp (NYSE:AES) is a huge mover today! About 862,331 shares traded hands. AES Corp (NYSE:AES) has risen 5.73% since April 25, 2016 and is uptrending. It has underperformed by 0.29% the S&P500.
The move comes after 7 months positive chart setup for the $8.00B company. It was reported on Nov, 28 by Barchart.com. We have $12.30 PT which if reached, will make NYSE:AES worth $320.00 million more.

Analysts await AES Corp (NYSE:AES) to report earnings on February, 22. They expect $0.36 earnings per share, up 5.88% or $0.02 from last year’s $0.34 per share. AES’s profit will be $243.45 million for 8.22 P/E if the $0.36 EPS becomes a reality. After $0.32 actual earnings per share reported by AES Corp for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

AES Corp (NYSE:AES) Ratings Coverage

Out of 7 analysts covering AES Corporation (NYSE:AES), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. AES Corporation has been the topic of 9 analyst reports since September 24, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of AES in a report on Tuesday, November 22 to “Underperform” rating. On Monday, October 19 the stock rating was downgraded by Argus Research to “Hold”. The firm has “Sel” rating by UBS given on Monday, October 3. On Wednesday, November 4 the stock rating was initiated by Wolfe Research with “Peer Perform”. On Tuesday, October 4 the stock rating was downgraded by Barclays Capital to “Equal Weight”.

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 is 1.23 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as 32 funds sold all AES Corp shares owned while 119 reduced positions. only 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.
State Board Of Administration Of Florida Retirement Systems has 0.04% invested in the company for 1.10M shares. Morgan Stanley accumulated 0% or 557,714 shares. Blackrock Inv Limited Liability Co last reported 0.16% of its portfolio in the stock. State Of New Jersey Common Pension Fund D owns 475,000 shares or 0.03% of their US portfolio. Jpmorgan Chase & accumulated 0.01% or 2.82 million shares. Cibc Asset Management has invested 0.01% of its portfolio in AES Corp (NYSE:AES). The California-based Aristotle Cap Management Lc has invested 1.91% in AES Corp (NYSE:AES). Panagora Asset reported 427,717 shares or 0.03% of all its holdings. Citigroup has invested 0% of its portfolio in AES Corp (NYSE:AES). Trexquant Investment Lp has 83,100 shares for 0.14% of their US portfolio. Parkside National Bank & Trust, a Missouri-based fund reported 114 shares. Janus Mgmt Limited Liability holds 180,996 shares or 0% of its portfolio. Pnc Services owns 338,688 shares or 0% of their US portfolio. X Management Lc reported 90 shares or 0% of all its holdings. Morgens Waterfall Vintiadis & Commerce has 0.52% invested in the company for 45,000 shares.

More recent AES Corp (NYSE:AES) news were published by: Zacks.com which released: “Why AES Corp. (AES) Might Surprise This Earnings Season” on November 03, 2016. Also Zacks.com published the news titled: “AES Corp. (AES) Misses Q3 Earnings, Keeps ’16 View (Revised)” on November 04, 2016. 247Wallst.com‘s news article titled: “More Worries for Utilities in 2017?” with publication date: November 22, 2016 was also an interesting one.

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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