Price Change to Note: Could American Electric Power Company Inc See a Reversal After This Very Strong Session?

Price Change to Note: Could American Electric Power Company Inc See a Reversal After This Very Strong Session?

The stock of American Electric Power Company Inc (NYSE:AEP) is a huge mover today! About 837,095 shares traded hands. American Electric Power Company Inc (NYSE:AEP) has declined 4.60% since March 9, 2016 and is downtrending. It has underperformed by 12.02% the S&P500.
The move comes after 9 months positive chart setup for the $29.87B company. It was reported on Oct, 12 by Barchart.com. We have $95.50 PT which if reached, will make NYSE:AEP worth $16.43 billion more.

Analysts await American Electric Power Company Inc (NYSE:AEP) to report earnings on October, 27. They expect $1.13 earnings per share, up 6.60% or $0.07 from last year’s $1.06 per share. AEP’s profit will be $547.85M for 13.63 P/E if the $1.13 EPS becomes a reality. After $0.95 actual earnings per share reported by American Electric Power Company Inc for the previous quarter, Wall Street now forecasts 18.95% EPS growth.

American Electric Power Company Inc (NYSE:AEP) Ratings Coverage

Out of 14 analysts covering American Electric Power Company Inc. (NYSE:AEP), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. American Electric Power Company Inc. has been the topic of 36 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by UBS given on Monday, December 7. The firm has “Hold” rating given on Friday, July 29 by Hilliard Lyons. The rating was initiated by Mizuho with “Buy” on Tuesday, August 18. The firm has “Neutral” rating given on Friday, October 23 by Credit Suisse. SunTrust maintained the shares of AEP in a report on Monday, October 19 with “Buy” rating. On Friday, July 29 the stock rating was maintained by Barclays Capital with “Overweight”. Barclays Capital maintained the shares of AEP in a report on Thursday, April 28 with “Overweight” rating. The rating was upgraded by Goldman Sachs on Tuesday, July 26 to “Buy”. Jefferies maintained the stock with “Buy” rating in Thursday, September 17 report. The stock of American Electric Power Company Inc (NYSE:AEP) earned “Buy” rating by Guggenheim on Tuesday, September 8.

According to Zacks Investment Research, “American Electric Power is a public utility holding company which owns, directly or indirectly, all of the outstanding common stock of its domestic electric utility subsidiaries and varying percentages of other subsidiaries. Substantially all of the operating revenues of AEP and its subsidiaries are derived from the furnishing of electric service. The Company’s operations are divided into three business segments: Wholesale, Energy Delivery and Other.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.18, from 1.21 in 2016Q1. The ratio worsened, as 51 funds sold all American Electric Power Company Inc shares owned while 259 reduced positions. 57 funds bought stakes while 263 increased positions. They now own 328.57 million shares or 5.28% less from 346.89 million shares in 2016Q1.
Signaturefd Ltd Co holds 0.03% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 3,313 shares. State Of Wisconsin Invest Board has 624,096 shares for 0.18% of their US portfolio. Fayez Sarofim And last reported 3,318 shares in the company. American Assets Investment Mgmt Ltd Liability Corp has 0.85% invested in the company for 50,000 shares. Penobscot Investment, a Massachusetts-based fund reported 4,291 shares. Moreover, Trust Of Toledo Na Oh has 0.49% invested in American Electric Power Company Inc (NYSE:AEP) for 24,514 shares. First Bank Sioux Falls accumulated 2,100 shares or 0.46% of the stock. The California-based Gemmer Asset Mngmt Ltd Company has invested 0.01% in American Electric Power Company Inc (NYSE:AEP). Moreover, Segall Bryant Hamill has 0.01% invested in American Electric Power Company Inc (NYSE:AEP) for 2,953 shares. Gerstein Fisher has invested 0.08% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Morgan Stanley, a New York-based fund reported 3.38M shares. Mizuho Trust And reported 798,225 shares or 0.17% of all its holdings. New York State Common Retirement Fund holds 0.15% or 1.49M shares in its portfolio. Sandy Spring Retail Bank accumulated 0.04% or 3,550 shares. Catawba Capital Mngmt Va accumulated 19,954 shares or 0.34% of the stock.

Insider Transactions: Since May 4, 2016, the stock had 1 buy, and 1 insider sale for $216,262 net activity. On Wednesday, May 4 the insider POWERS ROBERT P sold $68,398. On Thursday, May 26 the insider McCullough Mark C bought $284,660.

More news for American Electric Power Company Inc (NYSE:AEP) were recently published by: Forbes.com, which released: “American Electric Power Company (AEP) Shares Enter Oversold Territory” on October 04, 2016. Seekingalpha.com‘s article titled: “American Electric Power: A Vertically Integrated Utility Income Company” and published on September 14, 2016 is yet another important article.

AEP Company Profile

American Electric Power Company, Inc. (AEP), incorporated on December 20, 1906, is a public utility holding firm that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The public utility subsidiaries of AEP provide electric service, consisting of generation, transmission and distribution, on an integrated basis to retail customers. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

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