A Reversal for American Electric Power Company Inc Is Not Near. Professional Options Traders Are Bullish

 A Reversal for American Electric Power Company Inc Is Not Near. Professional Options Traders Are Bullish

In today’s session American Electric Power Company Inc (AEP) registered an unusually high (548) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious AEP increase. With 548 contracts traded and 13514 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: AEP180119C00065000 closed last at: $3.1 or 6.1% down. About 932,145 shares traded hands. American Electric Power Company Inc (NYSE:AEP) has declined 4.59% since April 5, 2016 and is downtrending. It has underperformed by 6.54% the S&P500.

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. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 25. The firm has “Sector Perform” rating given on Thursday, October 13 by RBC Capital Markets. The stock of American Electric Power Company Inc (NYSE:AEP) earned “Buy” rating by Mizuho on Tuesday, August 18. Jefferies maintained it with “Buy” rating and $66 target price in Friday, October 23 report. Barclays Capital maintained it with “Overweight” rating and $62 target price in Friday, October 2 report. The rating was maintained by Jefferies with “Buy” on Friday, July 29. The firm earned “Overweight” rating on Thursday, April 28 by Barclays Capital. As per Tuesday, September 20, the company rating was downgraded by Jefferies. The firm has “Overweight” rating by Barclays Capital given on Friday, July 29. The firm has “Neutral” rating given on Thursday, October 15 by Citigroup.

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 turned negative, 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.
Tci Wealth Advsr Inc last reported 0.06% of its portfolio in the stock. Point72 Asia (Hong Kong) Limited owns 300 shares or 0.02% of their US portfolio. Focused Wealth reported 963 shares or 0.03% of all its holdings. Prudential Financial owns 1.98 million shares or 0.23% of their US portfolio. Barclays Plc holds 0.07% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 759,399 shares. Moreover, Evercore Wealth Lc has 0.03% invested in American Electric Power Company Inc (NYSE:AEP) for 10,916 shares. Shamrock Asset Ltd holds 0% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 62 shares. Essex Fin Service holds 4,440 shares or 0.08% of its portfolio. Sumitomo Mitsui Trust Inc holds 0.19% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 1.59M shares. Willingdon Wealth Mngmt reported 26,923 shares or 0.97% of all its holdings. Moreover, Peapack Gladstone has 0% invested in American Electric Power Company Inc (NYSE:AEP) for 8,095 shares. Lenox Wealth accumulated 244 shares or 0.01% of the stock. Cadence Bank Na has 17,664 shares for 0.61% of their US portfolio. Huntington Savings Bank owns 54,499 shares or 0.07% of their US portfolio. Advantus Mngmt last reported 0.23% of its portfolio in the stock.

Insider Transactions: Since May 26, 2016, the stock had 1 buy, and 0 sales for $284,660 net activity. 4,425 shares with value of $284,660 were bought by McCullough Mark C on Thursday, May 26.

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 $31.49 billion. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. It has a 69.97 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 Forbes.com which published an article titled: “Ex-Dividend Reminder: American Electric Power, Entergy and AmeriGas Partners” on November 04, 2016.

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