American Electric Power Company Inc’s Trend Up, Especially After This Options Activity

 American Electric Power Company Inc's Trend Up, Especially After This Options Activity

In today’s session American Electric Power Company Inc (AEP) registered an unusually high (1,148) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AEP increase. With 1,148 contracts traded and 23754 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AEP170120C00070000 closed last at: $0.45 or 10% down. About 956,904 shares traded hands. American Electric Power Company Inc (NYSE:AEP) has risen 0.47% since March 2, 2016 and is uptrending. It has underperformed by 7.79% the S&P500.

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 $543.91M for 13.75 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. $77 is the highest target while $55 is the lowest. The $66.07 average target is 6.29% above today’s ($62.16) stock price. American Electric Power Company Inc. has been the topic of 36 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded American Electric Power Company Inc (NYSE:AEP) rating on Friday, October 23. Credit Suisse has “Neutral” rating and $62 price target. Jefferies maintained it with “Buy” rating and $66 target price in Friday, October 23 report. The stock has “Buy” rating given by SunTrust on Monday, September 26. The company was maintained on Friday, July 29 by Jefferies. The firm has “Buy” rating given on Tuesday, September 8 by Guggenheim. Citigroup initiated it with “Neutral” rating and $61 target price in Thursday, October 15 report. The firm has “Overweight” rating given on Friday, July 29 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Thursday, September 3. Citigroup maintained American Electric Power Company Inc (NYSE:AEP) on Wednesday, July 20 with “Neutral” rating. As per Tuesday, July 26, the company rating was upgraded by Goldman Sachs.

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.
Stock Yards Bank Tru holds 0.04% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 4,128 shares. 1St Source Bank has invested 0.29% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Park National Oh holds 0.11% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 24,621 shares. Guardian Life Insur Of America reported 1,841 shares or 0.01% of all its holdings. Moreover, Toronto Dominion Financial Bank has 0% invested in American Electric Power Company Inc (NYSE:AEP) for 2,699 shares. Everence Cap Mgmt last reported 0.18% of its portfolio in the stock. Green Square Capital Limited Liability Corporation holds 0.22% or 13,000 shares in its portfolio. Brookstone Capital accumulated 0.09% or 9,604 shares. Apg Asset Nv holds 2.81 million shares or 0.37% of its portfolio. Gradient Investments Limited Liability Co, a Minnesota-based fund reported 1,483 shares. Capstone Asset Mgmt reported 127,468 shares or 0.27% of all its holdings. D E Shaw Company Inc last reported 1.29 million shares in the company. Hugh Johnson Advsr, a New York-based fund reported 4,215 shares. The Ohio-based Carnegie Cap Asset Management Ltd has invested 0.05% in American Electric Power Company Inc (NYSE:AEP). Cipher Capital Limited Partnership last reported 3,553 shares in the company.

Insider Transactions: Since May 4, 2016, the stock had 1 buying transaction, and 1 sale for $216,262 net activity. 4,425 shares with value of $284,660 were bought by McCullough Mark C on Thursday, May 26. POWERS ROBERT P had sold 1,046 shares worth $68,398.

American Electric Power Company, Inc. 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 company has a market cap of $29.92 billion. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. It has a 17.75 P/E ratio. AEP’s vertically integrated utility activities are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers.

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.

Another recent and important American Electric Power Company Inc (NYSE:AEP) news was published by Seekingalpha.com which published an article titled: “American Electric Power: A Vertically Integrated Utility Income Company” on September 14, 2016.

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