American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 10,080,000 shares, an increase of 16.7% from the December 31st total of 8,640,000 shares. Based on an average trading volume of 2,800,000 shares, the short-interest ratio is currently 3.6 days.
Institutional Trading of American Electric Power
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of American Electric Power by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,402 shares of the company’s stock worth $4,773,000 after buying an additional 714 shares during the period. NewEdge Advisors LLC raised its position in American Electric Power by 5.4% in the 2nd quarter. NewEdge Advisors LLC now owns 25,561 shares of the company’s stock valued at $2,243,000 after buying an additional 1,317 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in American Electric Power by 10.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,826 shares of the company’s stock valued at $862,000 after acquiring an additional 969 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in American Electric Power during the 2nd quarter worth $12,671,000. Finally, Heritage Wealth Management Inc. bought a new stake in shares of American Electric Power in the 2nd quarter worth $361,000. Institutional investors and hedge funds own 75.24% of the company’s stock.
American Electric Power Stock Down 0.0 %
Shares of NASDAQ:AEP opened at $98.03 on Friday. The business has a fifty day simple moving average of $95.09 and a 200 day simple moving average of $97.47. American Electric Power has a 12-month low of $75.22 and a 12-month high of $105.18. The firm has a market cap of $52.16 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.77 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.
American Electric Power Dividend Announcement
Analyst Ratings Changes
Several brokerages have recently issued reports on AEP. Evercore ISI decreased their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Morgan Stanley reduced their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, BMO Capital Markets lowered their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average target price of $98.00.
Get Our Latest Analysis on American Electric Power
About American Electric Power
American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.
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