The AES (AES) Reaches $10.43 After 3.00% Up Move; Cushing Asset Management LP Has Boosted Its Xpo Logistics (XPO) Stake

February 15, 2018 - By Darrin Black

The stock of The AES Corporation (NYSE:AES) is a huge mover today! The stock increased 1.51% or $0.155 during the last trading session, reaching $10.425. About 2.17M shares traded. The AES Corporation (NYSE:AES) has risen 4.28% since February 15, 2017 and is uptrending. It has underperformed by 12.42% the S&P500.The move comes after 7 months positive chart setup for the $6.89 billion company. It was reported on Feb, 15 by Barchart.com. We have $10.74 PT which if reached, will make NYSE:AES worth $206.55 million more.

Cushing Asset Management Lp increased Xpo Logistics Inc (XPO) stake by 60.32% reported in 2017Q3 SEC filing. Cushing Asset Management Lp acquired 98,030 shares as Xpo Logistics Inc (XPO)’s stock rose 7.25%. The Cushing Asset Management Lp holds 260,558 shares with $17.66M value, up from 162,528 last quarter. Xpo Logistics Inc now has $11.02B valuation. The stock decreased 1.67% or $1.56 during the last trading session, reaching $91.91. About 313,588 shares traded. XPO Logistics, Inc. (NYSE:XPO) has risen 103.27% since February 15, 2017 and is uptrending. It has outperformed by 86.57% the S&P500.

The AES Corporation operates as a diversified power generation and utility company. The company has market cap of $6.89 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.

Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.31, from 1.01 in 2017Q2. It improved, as 29 investors sold The AES Corporation shares while 132 reduced holdings. 45 funds opened positions while 168 raised stakes. 596.31 million shares or 1.11% less from 603.00 million shares in 2017Q2 were reported. Personal Cap invested 0.3% in The AES Corporation (NYSE:AES). Savings Bank Of Montreal Can holds 0.02% or 2.10M shares in its portfolio. Sun Life Incorporated invested 0.01% in The AES Corporation (NYSE:AES). Goldman Sachs Group Inc accumulated 10.98M shares. Pacad Invest holds 93,560 shares or 0.23% of its portfolio. Oakbrook Invests Limited Com invested in 28,091 shares or 0.02% of the stock. Tiverton Asset Mngmt Ltd Liability holds 0% of its portfolio in The AES Corporation (NYSE:AES) for 4,660 shares. 136,646 are held by Stifel Corp. Pictet Asset Management reported 4.46 million shares or 0.14% of all its holdings. Td Asset Management Inc accumulated 884,156 shares. Ftb Advsrs stated it has 724 shares. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 1.02 million shares. Macquarie Grp Inc Ltd owns 156,500 shares or 0% of their US portfolio. Envestnet Asset Inc accumulated 308,114 shares. Weaver C Barksdale & Inc reported 49,393 shares or 0.61% of all its holdings.

Among 10 analysts covering AES Corporation (NYSE:AES), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. AES Corporation had 18 analyst reports since September 24, 2015 according to SRatingsIntel. The firm has “Sel” rating given on Monday, October 3 by UBS. Morgan Stanley maintained The AES Corporation (NYSE:AES) rating on Friday, September 8. Morgan Stanley has “Equal-Weight” rating and $1 target. The firm earned “Sector Perform” rating on Wednesday, January 4 by RBC Capital Markets. The rating was downgraded by Bank of America to “Underperform” on Tuesday, November 22. The firm earned “Equal Weight” rating on Tuesday, October 4 by Barclays Capital. The rating was maintained by Morgan Stanley on Wednesday, December 13 with “Equal-Weight”. On Wednesday, November 4 the stock rating was initiated by Wolfe Research with “Peer Perform”. The firm has “Hold” rating given on Sunday, September 10 by RBC Capital Markets. The firm has “Buy” rating given on Monday, February 12 by SunTrust. Bank of America upgraded the stock to “Buy” rating in Monday, November 13 report.

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 $211.34M for 8.14 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.

Cushing Asset Management Lp decreased Centennial Resource Dev Inc stake by 210,156 shares to 356,387 valued at $6.40M in 2017Q3. It also reduced Ncs Multistage Hldgs Inc stake by 18,666 shares and now owns 43,072 shares. Western Gas Partners Lp (Call) (NYSE:WES) was reduced too.

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