Stock Analysis:American Electric Power Company Inc (NYSE:AEP) Price Target Upgraded
In an analyst research report sent to investors by Evercore ISI on 10 December, American Electric Power Company Inc (NYSE:AEP) had its target lifted to $59.00. The firm right now has a solid “Hold” rating on shares.
From a total of 21 analysts covering American Electric Power Company Inc. (NYSE:AEP) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 11 a ”Hold”. This means that 52% of the ratings are positive. The highest target price is $66 while the lowest target price is $59. The mean of all analyst targets is $62.43 with a 12.98% above today’s ($54.95) stock price. American Electric Power Company Inc. was the topic of 19 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. UBS upgraded shares on December 7 to “Buy” rating. Citigroup initiated shares with “Neutral” rating and $61 target share price in a report from an October 15. Deutsche Bank maintained AEP stock in a recent report from October 23 with “Buy” rating. Barclays Capital maintained the rating on October 2. Barclays Capital has a “Overweight” rating and a $62 price target on shares. Finally, SunTrust maintained the stock with “Buy” rating in a report issued on an October 19.
Approximately 1.94M shares of stock traded hands. American Electric Power Company Inc (NYSE:AEP) has risen 1.79% since May 7, 2015 and is uptrending. It has outperformed by 3.73% the S&P500.
The overall sentiment of institutions has increased to 1.08 in Q2 2015. Its up 0.12, from 0.96 in 2015Q2. The ratio improved, as 38 institutions have sold all the shares of American Electric Power Company Inc that they owned while 263 funds have taken shares off the table. 64 funds have purchased shares for the first time while 260 added to their positions. These institutions now hold 340.28 million shares or 5.78% more than the 321.67 million shares they owned in 2015Q2.
The Fund Huff W R Asset Management Co Llc De currently is holding shares equating to 5.23% of its total portfolio in American Electric Power Company Inc representing a total of 34,745 shares. Another fund,F&V Capital Management Llc, is holding a total of 79,330 shares equating to 3.2% of their holdings. Additionally, Longbow Capital Partners L.P. has a 18,500 share stake in American Electric Power Company Inc which represents 3.06% of their total portfolio. The Fund, Breton Hill Capital Ltd., based out of Ontario – Canada, has also built up a stake in the stock, which represents a total of 2.82% of their total portfolio. Finally Forester Capital Management Ltd, a fund which is based in the state of Illinois reported a total holdings of 50,447 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 5, 2015, shareholders of American Electric Power Company Inc have witnessed 0 insider purchases, and a total of 3 sales equating to a net activity of approximately $1.32 million . Zebula Charles E sold 5,309 shares worth approximately $302,108. Tierney Brian X sold 8,935 shares worth approximately $507,508. Powers Robert P sold 8,935 shares worth approximately $507,106. Barton Lisa M sold 791 shares worth approximately $45,462. The company insider Mccullough Mark C sold 816 shares worth $46,876.
American Electric Power Company, Inc. is a utility holding company. The company has a market cap of $27.51 billion. It operates in five divisions. It has 15.4 P/E ratio. The vertically integrated utilities segment generates, transmits and distributes electricity through AEP Generating Company, Appalachian Power Company, Indiana Michigan Power Company, Kingsport Power Company, Kentucky Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company and Wheeling Power Company.
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.” Get a free copy of the Zacks research report on American Electric Power Company Inc (AEP).