Today’s Stock Alert: Is Buying Stock Like American Electric Power Company Inc After Such Increase Winning Strategy?

Today's Stock Alert: Is Buying Stock Like American Electric Power Company Inc After Such Increase Winning Strategy?

The stock of American Electric Power Company Inc (NYSE:AEP) is a huge mover today! About 1.13 million shares traded hands. American Electric Power Company Inc (NYSE:AEP) has declined 9.04% since April 11, 2016 and is downtrending. It has underperformed by 15.19% the S&P500.
The move comes after 8 months positive chart setup for the $29.13B company. It was reported on Nov, 11 by Barchart.com. We have $80.77 PT which if reached, will make NYSE:AEP worth $9.61B more.

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. Barclays Capital maintained the shares of AEP in a report on Friday, October 2 with “Overweight” rating. The firm earned “Buy” rating on Tuesday, July 26 by Goldman Sachs. The stock has “Overweight” rating given by Barclays Capital on Tuesday, December 15. The stock of American Electric Power Company Inc (NYSE:AEP) has “Hold” rating given on Wednesday, November 2 by Evercore. The firm earned “Neutral” rating on Wednesday, July 20 by Citigroup. Jefferies maintained American Electric Power Company Inc (NYSE:AEP) on Thursday, September 17 with “Buy” rating. The rating was maintained by Jefferies on Friday, July 29 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Thursday, September 3. As per Thursday, September 3, the company rating was maintained by arc. As per Monday, December 7, the company rating was upgraded by UBS.

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 Q2 2016. 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.
Meeder Asset Management last reported 39,294 shares in the company. Moreover, Alliancebernstein Ltd Partnership has 0.37% invested in American Electric Power Company Inc (NYSE:AEP) for 6.15M shares. Palladium Prtnrs Ltd Liability Com has invested 0.06% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Capwealth Advsrs Ltd Limited Liability Company, a Tennessee-based fund reported 4,459 shares. Cypress Asset Management Inc Tx has invested 0.06% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Telos has invested 0.33% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Carret Asset Mgmt Lc accumulated 1.2% or 88,379 shares. Dekabank Deutsche Girozentrale last reported 0.32% of its portfolio in the stock. Sandy Spring Commercial Bank holds 3,550 shares or 0.04% of its portfolio. Gabelli Funds Ltd Liability last reported 834,000 shares in the company. First Bankshares Sioux Falls has 2,100 shares for 0.46% of their US portfolio. Caisse De Depot Et Placement Du Quebec accumulated 0.11% or 607,830 shares. Pekin Singer Strauss Asset Management Il has 0.15% invested in the company for 9,938 shares. Ifc Holdg Fl holds 0.05% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 5,988 shares. Ecofin accumulated 108,409 shares or 1.49% of the stock.

Insider Transactions: Since May 26, 2016, the stock had 1 buying transaction, and 0 selling transactions for $284,660 net activity. 4,425 American Electric Power Company Inc (NYSE:AEP) shares with value of $284,660 were bought by McCullough Mark C.

More recent American Electric Power Company Inc (NYSE:AEP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: American Electric Power, Entergy and AmeriGas Partners” on November 04, 2016. Also Seekingalpha.com published the news titled: “American Electric Power: An Attractive Growth Story” on November 03, 2016. Nasdaq.com‘s news article titled: “AEP Dividend Yield Pushes Past 4%” with publication date: November 10, 2016 was also an interesting one.

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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