Aes Corp (NYSE:AES) Stock Price Up as Sentiment Improves

January 14, 2018 - By Adrian Erickson

 Aes Corp (NYSE:AES) Stock Price Up as Sentiment  Improves

Sentiment for Aes Corp (NYSE:AES)

Aes Corp (NYSE:AES) institutional sentiment increased to 1.32 in Q3 2017. Its up 0.31, from 1.01 in 2017Q2. The ratio is positive, as 213 active investment managers increased and opened new holdings, while 161 sold and decreased stakes in Aes Corp. The active investment managers in our partner’s database now possess: 596.31 million shares, down from 603.00 million shares in 2017Q2. Also, the number of active investment managers holding Aes Corp in their top 10 holdings decreased from 3 to 2 for a decrease of 1. Sold All: 29 Reduced: 132 Increased: 168 New Position: 45.

The AES Corporation operates as a diversified power generation and utility company. The company has market cap of $7.29 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 stock increased 0.73% or $0.08 during the last trading session, reaching $11.04. About 8.53 million shares traded or 35.01% up from the average. The AES Corporation (NYSE:AES) has risen 4.28% since January 14, 2017 and is uptrending. It has underperformed by 12.42% the S&P500.

Analysts await The AES Corporation (NYSE:AES) to report earnings on February, 26. They expect $0.32 earnings per share, down 8.57 % or $0.03 from last year’s $0.35 per share. AES’s profit will be $211.33 million for 8.63 P/E if the $0.32 EPS becomes a reality. After $0.24 actual earnings per share reported by The AES Corporation for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

Symons Capital Management Inc holds 3.16% of its portfolio in The AES Corporation for 1.13 million shares. Avenir Corp owns 3.33 million shares or 3.15% of their US portfolio. Moreover, Corbyn Investment Management Inc Md has 2.7% invested in the company for 770,640 shares. The California-based Capital International Sarl has invested 2.09% in the stock. Nine Chapters Capital Management Llc, a New Jersey-based fund reported 68,900 shares.#img1#

The AES Corporation (NYSE:AES) Ratings Coverage

Ratings analysis reveals 44% of AES Corporation’s analysts are positive. Out of 9 Wall Street analysts rating AES Corporation, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $1 while the high is $15.0. The stock’s average target of $12.82 is 16.12% above today’s ($11.04) share price. AES was included in 16 notes of analysts from September 24, 2015. The rating was downgraded by Bank of America on Tuesday, November 22 to “Underperform”. The firm has “Hold” rating given on Thursday, March 23 by Argus Research. The company was downgraded on Monday, October 19 by Argus Research. On Wednesday, December 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The company was downgraded on Monday, October 3 by UBS. The firm has “Peer Perform” rating by Wolfe Research given on Wednesday, November 4. The firm has “Equal Weight” rating given on Tuesday, October 4 by Barclays Capital. The rating was downgraded by RBC Capital Markets on Wednesday, January 4 to “Sector Perform”. The stock of The AES Corporation (NYSE:AES) has “Equal-Weight” rating given on Friday, September 8 by Morgan Stanley. The stock has “Buy” rating by Bank of America on Monday, November 13.

More important recent The AES Corporation (NYSE:AES) news were published by: Bloomberg.com which released: “Need a Loan for a Battery? These Companies Would Like to Help” on January 11, 2018, also Prnewswire.com published article titled: “What’s Happening With These Electric Utilities Stocks? — DTE Energy, AES Corp …”, Seekingalpha.com published: “AES to sell Philippines businesses for $1.05B” on December 18, 2017. More interesting news about The AES Corporation (NYSE:AES) was released by: Nasdaq.com and their article: “AES Corp to Vend Philippines Business for $1.1 Billion” with publication date: December 19, 2017.

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