Could The AES Corporation (AES) Lose its Strength? The Stock Reaches 52-Week High

May 27, 2018 - By Vivian Currie

The AES Corporation (NYSE:AES) Logo

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.47, from 1.32 in 2017Q3. It dived, as 51 investors sold The AES Corporation shares while 155 reduced holdings. 46 funds opened positions while 129 raised stakes. 597.29 million shares or 0.16% more from 596.31 million shares in 2017Q3 were reported.
Hudson Valley Investment Adv reported 19,006 shares stake. Missouri-based First Allied Advisory has invested 0.02% in The AES Corporation (NYSE:AES). Cornerstone Cap Mgmt Ltd Liability, New York-based fund reported 2.29 million shares. Oppenheimer And accumulated 10,000 shares or 0% of the stock. Credit Suisse Ag owns 1.51M shares. 427,300 are held by Laurion Ltd Partnership. Psagot House Limited holds 0% or 10,000 shares in its portfolio. Wealthfront has invested 0.01% in The AES Corporation (NYSE:AES). Commerzbank Aktiengesellschaft Fi reported 41,834 shares. Tiaa Cref Investment Mngmt Ltd Liability holds 2.46M shares. Parkside Bancshares Trust stated it has 0% of its portfolio in The AES Corporation (NYSE:AES). Brandywine Management Limited Liability Co holds 0.01% of its portfolio in The AES Corporation (NYSE:AES) for 195,772 shares. State Of Tennessee Treasury Department has invested 0.01% of its portfolio in The AES Corporation (NYSE:AES). 205,276 are held by Stifel Fincl. 875,906 are owned by Td Asset.

The stock of The AES Corporation (NYSE:AES) hit a new 52-week high and has $13.03 target or 5.00 % above today’s $12.41 share price. The 6 months bullish chart indicates low risk for the $8.21B company. The 1-year high was reported on May, 27 by Barchart.com. If the $13.03 price target is reached, the company will be worth $410.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.16% or $0.02 during the last trading session, reaching $12.41. About 3.67 million shares traded. The AES Corporation (NYSE:AES) has declined 1.62% since May 27, 2017 and is downtrending. It has underperformed by 13.17% the S&P500.

Analysts await The AES Corporation (NYSE:AES) to report earnings on August, 14. They expect $0.29 earnings per share, up 16.00 % or $0.04 from last year’s $0.25 per share. AES’s profit will be $191.81 million for 10.70 P/E if the $0.29 EPS becomes a reality. After $0.28 actual earnings per share reported by The AES Corporation for the previous quarter, Wall Street now forecasts 3.57 % EPS growth.

The AES Corporation (NYSE:AES) Ratings Coverage

Among 5 analysts covering AES (NYSE:AES), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. AES has $14.0 highest and $1200 lowest target. $12.90’s average target is 3.95% above currents $12.41 stock price. AES had 6 analyst reports since December 13, 2017 according to SRatingsIntel. Bank of America downgraded The AES Corporation (NYSE:AES) on Wednesday, May 16 to “Hold” rating. JP Morgan maintained The AES Corporation (NYSE:AES) rating on Monday, March 19. JP Morgan has “Overweight” rating and $13 target. The stock of The AES Corporation (NYSE:AES) has “Buy” rating given on Monday, February 12 by SunTrust. The firm earned “Equal-Weight” rating on Wednesday, December 13 by Morgan Stanley.

More recent The AES Corporation (NYSE:AES) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in The AES, Immune Pharmaceuticals, Hercules Capital, Zendesk, Chevron, and …” on May 07, 2018. Also Seekingalpha.com published the news titled: “AES Corp’s (AES) CEO Andrés Weilert on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. Fool.com‘s news article titled: “Rivals Rise Up to Threaten Tesla’s Battery Business” with publication date: May 27, 2018 was also an interesting one.

The AES Corporation operates as a diversified power generation and utility company. The company has market cap of $8.21 billion. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. It currently has negative earnings. The firm also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user clients in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

The AES Corporation (NYSE:AES) Ratings Chart

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