Is The AES Corporation (AES) a Sell? The Stock Formed Bearish Wedge Down

December 7, 2017 - By reb123z

Investors sentiment decreased to 1.01 in Q2 2017. Its down 0.27, from 1.28 in 2017Q1. It is negative, as 23 investors sold The AES Corporation shares while 168 reduced holdings. 47 funds opened positions while 146 raised stakes. 603.00 million shares or 1.22% less from 610.47 million shares in 2017Q1 were reported.
Pacad holds 0.08% or 46,360 shares. Dreman Value L L C owns 34,873 shares or 0.22% of their US portfolio. Moreover, Quantitative Inv Mngmt Ltd Liability Company has 0.08% invested in The AES Corporation (NYSE:AES). Bluecrest Mngmt Ltd, Guernsey-based fund reported 112,652 shares. Shell Asset Mngmt owns 41,269 shares. 262,845 are owned by Sg Americas Securities Ltd Company. Meeder Asset Inc has invested 0.2% in The AES Corporation (NYSE:AES). Lmr Prtnrs Ltd Liability Partnership owns 22,354 shares for 0.02% of their portfolio. 386,397 are owned by Jefferies Gru. Commonwealth Equity Services Incorporated has 65,618 shares for 0% of their portfolio. Advisors Asset Mgmt Inc holds 0% or 25,283 shares in its portfolio. Thrivent Fincl For Lutherans holds 0.02% or 410,580 shares. 16,541 were accumulated by Conning Inc. First Manhattan Communications reported 0% of its portfolio in The AES Corporation (NYSE:AES). Capital Guardian accumulated 0.55% or 2.69 million shares.

The stock of The AES Corporation (AES) formed a down wedge with $10.38 target or 3.00 % below today’s $10.70 share price. The 8 months wedge indicates high risk for the $7.07B company. If the $10.38 price target is reached, the company will be worth $211.98M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 1.20% or $0.13 during the last trading session, reaching $10.7. About 6.14 million shares traded or 19.98% up from the average. The AES Corporation (NYSE:AES) has risen 4.28% since December 8, 2016 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 $0.31 earnings per share, down 11.43 % or $0.04 from last year’s $0.35 per share. AES’s profit will be $204.72 million for 8.63 P/E if the $0.31 EPS becomes a reality. After $0.24 actual earnings per share reported by The AES Corporation for the previous quarter, Wall Street now forecasts 29.17 % EPS growth.

The AES Corporation (NYSE:AES) Ratings Coverage

Among 9 analysts covering AES Corporation (NYSE:AES), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. AES Corporation had 15 analyst reports since September 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $12.0 target in Sunday, September 10 report. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, October 4. The rating was downgraded by UBS to “Sel” on Monday, October 3. The stock of The AES Corporation (NYSE:AES) has “Hold” rating given on Thursday, March 23 by Argus Research. The firm earned “Hold” rating on Monday, October 19 by Argus Research. On Tuesday, November 22 the stock rating was downgraded by Bank of America to “Underperform”. Morgan Stanley maintained The AES Corporation (NYSE:AES) rating on Friday, September 8. Morgan Stanley has “Equal-Weight” rating and $1 target. The stock has “Buy” rating by Bank of America on Monday, November 13. RBC Capital Markets downgraded the shares of AES in report on Wednesday, January 4 to “Sector Perform” rating. The stock has “Peer Perform” rating by Wolfe Research on Wednesday, November 4.

More important recent The AES Corporation (NYSE:AES) news were published by: Nasdaq.com which released: “Thursday Sector Laggards: Utilities, Energy” on December 07, 2017, also Prnewswire.com published article titled: “Electric Utilities Stocks on Investors’ Radar — DTE Energy, Alliant Energy …”, Businesswire.com published: “AM Best Upgrades Credit Ratings of AES Global Insurance Company” on November 08, 2017. More interesting news about The AES Corporation (NYSE:AES) was released by: 247Wallst.com and their article: “Pandora, AES Corp. Dip into Friday’s 52-Week Low Club” with publication date: November 10, 2017.

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