American Electric Power Company (NYSE:AEP) has climbed 0.54% in the past week and advanced 5.34% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.74% and the outperformance has advanced to 4.38% for the last 4 weeks period.
American Electric Power Company (NYSE:AEP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.03 and $66.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.21, notching a gain of 0.49% for the day. The total traded volume was 2,620,759 . The stock had closed at $66.88 on the previous day.
The company shares have rallied 23.39% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $67.34 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $65.08 and the 200 Day Moving Average price is recorded at $62.26.
On the companys insider trading activities, Mccullough Mark C, officer (Executive Vice President) of American Electric Power Co Inc had purchased 4,489 shares on May 25, 2016 in a transaction. The price per share was $63.43 and the total amount of the disclosed transaction was $284,737.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Jefferies maintains the rating on American Electric Power Company (NYSE:AEP). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $70 per share to $75 per share. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 0.13% of American Electric Power Company shares according to the proxy statements. Institutional Investors own 70.43% of American Electric Power Company 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.