Stock Buzzer: Is Buying American Electric Power Company Inc Here a Winning Strategy?

Stock Buzzer: Is Buying American Electric Power Company Inc Here a Winning Strategy?

The stock of American Electric Power Company Inc (NYSE:AEP) is a huge mover today! About 531,070 shares traded hands. American Electric Power Company Inc (NYSE:AEP) has declined 4.92% since April 25, 2016 and is downtrending. It has underperformed by 10.93% the S&P500.
The move comes after 8 months positive chart setup for the $30.42B company. It was reported on Nov, 28 by Barchart.com. We have $63.37 PT which if reached, will make NYSE:AEP worth $1.22B more.

Analysts await American Electric Power Company Inc (NYSE:AEP) to report earnings on January, 26. They expect $0.54 earnings per share, up 12.50% or $0.06 from last year’s $0.48 per share. AEP’s profit will be $269.60 million for 28.21 P/E if the $0.54 EPS becomes a reality. After $1.30 actual earnings per share reported by American Electric Power Company Inc for the previous quarter, Wall Street now forecasts -58.46% negative EPS growth.

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

Out of 16 analysts covering American Electric Power Company Inc. (NYSE:AEP), 9 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 56% are positive. American Electric Power Company Inc. has been the topic of 38 analyst reports since August 18, 2015 according to StockzIntelligence Inc. UBS upgraded the shares of AEP in a report on Monday, December 7 to “Buy” rating. Evercore downgraded the stock to “Hold” rating in Wednesday, November 2 report. The stock has “Overweight” rating given by Barclays Capital on Friday, March 18. The rating was maintained by arc on Thursday, September 3 with “Overweight”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, September 3 report. SunTrust maintained the stock with “Buy” rating in Monday, October 19 report. As per Thursday, April 28, the company rating was maintained by Barclays Capital. Credit Suisse downgraded the stock to “Neutral” rating in Friday, October 23 report. The company was maintained on Friday, July 29 by Barclays Capital. The rating was initiated by Mizuho with “Buy” on Tuesday, August 18.

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 1.01 in Q2 2016. Its down 0.02, from 1.03 in 2016Q1. The ratio dropped, 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.
Retirement System Of Alabama reported 629,678 shares or 0.26% of all its holdings. Trust Department Mb Bankshares N A reported 1,087 shares or 0.01% of all its holdings. Carret Asset accumulated 88,379 shares or 1.2% of the stock. The Australia-based Macquarie Limited has invested 0.05% in American Electric Power Company Inc (NYSE:AEP). The California-based United Capital Financial Advisers Ltd Limited Liability Company has invested 0.09% in American Electric Power Company Inc (NYSE:AEP). Da Davidson And holds 14,282 shares or 0.03% of its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 3,800 shares or 0.07% of the stock. Suntrust Banks holds 0.06% or 138,656 shares in its portfolio. Teachers Inc, a New York-based fund reported 1.27M shares. First Natl Bank Sioux Falls holds 2,100 shares or 0.46% of its portfolio. Haverford Tru Co accumulated 346,337 shares or 0.61% of the stock. Keybank Association Oh, a Ohio-based fund reported 91,756 shares. Moreover, Beacon Gru has 1.97% invested in American Electric Power Company Inc (NYSE:AEP) for 131,431 shares. Janus Cap Limited owns 1.37M shares or 0.08% of their US portfolio. Conning reported 29,469 shares or 0.09% of all its holdings.

More important recent American Electric Power Company Inc (NYSE:AEP) news were published by: Seekingalpha.com which released: “American Electric Power: Steady And Sustainable” on November 20, 2016, also Nasdaq.com published article titled: “American Electric Power Company, Inc. (AEP) Ex-Dividend Date Scheduled for …”, Forbes.com published: “Ex-Dividend Reminder: American Electric Power, Entergy and AmeriGas Partners” on November 04, 2016. More interesting news about American Electric Power Company Inc (NYSE:AEP) was released by: Bizjournals.com and their article: “AEP plans to spend $1 billion on renewables” with publication date: November 02, 2016.

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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