Stock Worth Watching: After Today’s Huge Decline, Is AES Corp’s Near-Term Analysis Negative?

Stock Worth Watching: After Today's Huge Decline, Is AES Corp's Near Term Analysis Negative?

The stock of AES Corp (NYSE:AES) is a huge mover today! The stock decreased 2.96% or $0.38 during the last trading session, hitting $12.47. About 8.95 million shares traded hands or 86.07% up from the average. AES Corp (NYSE:AES) has risen 23.22% since March 1, 2016 and is uptrending. It has outperformed by 11.01% the S&P500.
The move comes after 6 months negative chart setup for the $8.19B company. It was reported on Oct, 4 by We have $11.85 PT which if reached, will make NYSE:AES worth $409.50M less.

Analysts await AES Corp (NYSE:AES) to report earnings on November, 3. They expect $0.31 EPS, down 20.51% or $0.08 from last year’s $0.39 per share. AES’s profit will be $203.60M for 10.06 P/E if the $0.31 EPS becomes a reality. After $0.17 actual EPS reported by AES Corp for the previous quarter, Wall Street now forecasts 82.35% EPS growth.

AES Corp (NYSE:AES) Ratings Coverage

Out of 6 analysts covering AES Corporation (NYSE:AES), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. AES Corporation has been the topic of 6 analyst reports since September 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Wolfe Research with “Peer Perform” on Wednesday, November 4. The firm has “Hold” rating by Argus Research given on Monday, October 19.

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 increased, 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.
The California-based Tarbox has invested 0% in AES Corp (NYSE:AES). Bluemountain Capital Limited Liability Corp has 46,521 shares for 0.01% of their US portfolio. Teacher Retirement Of Texas holds 0.01% or 130,588 shares in its portfolio. Huntington Fincl Bank reported 9,809 shares or 0% of all its holdings. Norinchukin State Bank The accumulated 0.01% or 34,566 shares. Art Advsrs Ltd last reported 0.19% of its portfolio in the stock. Breton Hill Cap last reported 94,103 shares in the company. Hsbc Public Ltd Liability accumulated 0.04% or 1.30 million shares. Credit Suisse Ag holds 0.02% or 1.12 million shares in its portfolio. State Of Wisconsin Inv Board last reported 1.21 million shares in the company. Mizuho Asset Coltd has 9,587 shares for 0.02% of their US portfolio. Aberdeen Asset Mgmt Public Ltd Company Uk last reported 645,950 shares in the company. Daiwa Gru Inc has 0.01% invested in the company for 70,070 shares. Pub Employees Retirement Association Of Colorado holds 0.01% of its portfolio in AES Corp (NYSE:AES) for 138,799 shares. Nomura Asset Company Ltd holds 0.02% or 97,750 shares in its portfolio.

More recent AES Corp (NYSE:AES) news were published by: which released: “UBS Downgrades AES Corp. (AES) to Sell” on October 03, 2016. Also published the news titled: “Electric Utilities Stocks Under Scanner — PPL Corp., AES Corp., Entergy, and …” on September 19, 2016.‘s news article titled: “Mid-Day Market Update: Cabelas Surges Following Merger News; TASER Shares Slide” with publication date: October 03, 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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