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

June 28, 2018 - By Winifred Garcia

The AES Corporation (NYSE:AES) Logo

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.41, from 0.85 in 2017Q4. It increased, as 30 investors sold The AES Corporation shares while 137 reduced holdings. 60 funds opened positions while 150 raised stakes. 605.58 million shares or 1.39% more from 597.29 million shares in 2017Q4 were reported.
Nomura Holdg owns 171,826 shares or 0% of their US portfolio. Parametric Portfolio Associates holds 0.03% or 2.85 million shares in its portfolio. State Teachers Retirement Sys has 0.04% invested in The AES Corporation (NYSE:AES) for 1.28 million shares. Bb&T Corp, North Carolina-based fund reported 133,952 shares. The Delaware-based Reliance Tru Of Delaware has invested 0.06% in The AES Corporation (NYSE:AES). Massachusetts Serv Ma reported 17.71 million shares or 0.09% of all its holdings. Legal And General Group Incorporated Public Limited Com stated it has 3.54M shares. Spirit Of America Mngmt holds 8,000 shares or 0.01% of its portfolio. Oppenheimer And Commerce reported 28,252 shares or 0.01% of all its holdings. United Cap Fincl Advisers Limited Liability Co stated it has 0.03% in The AES Corporation (NYSE:AES). Stifel Financial has 0.01% invested in The AES Corporation (NYSE:AES). Investors has 30.38M shares for 0.4% of their portfolio. Suntrust Banks stated it has 0% of its portfolio in The AES Corporation (NYSE:AES). Mirae Asset Global Invs reported 19,497 shares. Citigroup reported 1.43M shares stake.

The stock of The AES Corporation (NYSE:AES) hit a new 52-week high and has $14.17 target or 5.00 % above today’s $13.50 share price. The 8 months bullish chart indicates low risk for the $8.93 billion company. The 1-year high was reported on Jun, 28 by Barchart.com. If the $14.17 price target is reached, the company will be worth $446.30M 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 1.93% or $0.255 during the last trading session, reaching $13.495. About 600,153 shares traded. The AES Corporation (NYSE:AES) has risen 5.35% since June 28, 2017 and is uptrending. It has underperformed by 7.22% the S&P500.

Analysts await The AES Corporation (NYSE:AES) to report earnings on August, 14. They expect $0.29 EPS, up 16.00 % or $0.04 from last year’s $0.25 per share. AES’s profit will be $191.81M for 11.63 P/E if the $0.29 EPS becomes a reality. After $0.28 actual EPS 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. $13.10’s average target is -2.93% below currents $13.495 stock price. AES had 6 analyst reports since February 2, 2018 according to SRatingsIntel. JP Morgan maintained The AES Corporation (NYSE:AES) rating on Monday, March 19. JP Morgan has “Overweight” rating and $13 target. The rating was downgraded by Bank of America on Wednesday, May 16 to “Hold”. As per Wednesday, June 20, the company rating was maintained by UBS. The firm has “Buy” rating given on Monday, February 12 by SunTrust.

Another recent and important The AES Corporation (NYSE:AES) news was published by Benzinga.com which published an article titled: “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)” on June 19, 2018.

The AES Corporation operates as a diversified power generation and utility company. The company has market cap of $8.93 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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