American Electric Power Co Inc (AEP) Files Form 4 Insider Selling : Robert P Powers Sells 1,046 Shares

American Electric Power Co Inc (AEP): Robert P Powers , Executive Vice President, COO of American Electric Power Co Inc sold 1,046 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $65.39 per share for a total value of $68,397.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 3, 2016, Lionel L Iii Nowell (director) sold 8,209 shares at $62.00 per share price.On Nov 24, 2015, Lisa M Barton (Executive Vice President) sold 1,273 shares at $55.98 per share price.Also, On Aug 10, 2015, Charles E Zebula (Exective Vice President) sold 5,309 shares at $56.84 per share price.On Aug 5, 2015, Robert P Powers (Executive Vice President, COO) sold 8,935 shares at $56.76 per share price.

American Electric Power Company Inc: On Wednesday, May 4, 2016 heightened volatility was witnessed in American Electric Power Company Inc which led to swings in the share price. The shares opened for trading at $64.38 and hit $65.71 on the upside , eventually ending the session at $65.39, with a gain of 1.38% or 0.89 points. The heightened volatility saw the trading volume jump to 35,35,946 shares. The 52-week high of the share price is $67.19 and the company has a market cap of $32,127 M . The 52-week low of the share price is at $52.29.

American Electric Power Company Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.American Electric Power Company Inc is Reiterated by Argus to Buy and the brokerage firm has raised the Price Target to $ 67 from a previous price target of $61 .The Rating was issued on Feb 22, 2016.

American Electric Power Company Inc. is a utility holding company. It operates in five segments. 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. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segment’s subsidiaries consist of nonutility generating assets a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEP’s transmission joint ventures and AEP Transmission Company LLC. The AEP River Operations segment transports liquid coal and dry bulk commodities.

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