American Electric (NYSE:AEP) Rating Reaffirmed
American Electric (NYSE:AEP) just had their share rating of a ‘”Overweight”‘ issued by research analysts at Barclays, who now has a $62.0 target on the $26.85 billion market cap company or a 13.68% upside potential. This key information was disclosed to clients in an analyst research report on Tuesday morning.
From a total of 20 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 $58. The mean of all analyst targets is $62.55 with a 10.65% above today’s ($56.17) stock price. American Electric Power Company Inc. was the topic of 20 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 2.36 million shares of stock traded hands. American Electric Power Company Inc (NYSE:AEP) has declined 0.75% since May 12, 2015 and is downtrending. It has outperformed by 2.93% 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 increased, 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 buys, 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 $26.85 billion. It operates in five divisions. It has 15.74 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.”