American Electric Power Company (AEP): Price Target and June Short Interest Disclosure

American Electric Power Company (AEP) : Currently there are 10 street experts covering American Electric Power Company (AEP) stock. The most bullish and bearish price target for the stock is $76 and $62 respectively for the short term. The average price target of all the analysts comes to $68.95. The estimated standard deviation from the target is $4.69.

American Electric Power Company (AEP) has seen a rise of 14,682 shares or 0.3% in the short interest. The remaining shorts are 1.1% of the total floated shares. The net short interest, as on June 30,2016, stood at 5,599,256 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 2,442,219 shares. On June 15,2016, 5,584,574 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Jefferies maintains its ratings on American Electric Power Company (NYSE:AEP). In the latest research report, Jefferies raises the target price from $70 per share to $75 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 17, 2016.


American Electric Power Company (NYSE:AEP): On Thursdays trading session , Opening price of the stock was $69.46 with an intraday high of $69.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $69.15. However, the stock managed to close at $69.38, a loss of 0.90% for the day. On the previous day, the stock had closed at $70.01. The total traded volume of the day was 2,473,277 shares.

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 segments 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 AEPs transmission joint ventures and AEP Transmission Company, LLC. The AEP River Operations segment transports liquid, coal and dry bulk commodities.

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