American Electric Power Company (NYSE:AEP) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $76 and the lowest price target forecast is $62. The average forecast of all the analysts is $68.05 and the expected standard deviation is $4.36.
Other Equity analysts have also commented 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.
American Electric Power Company (NYSE:AEP): stock turned positive on Thursday. Though the stock opened at $66.61, the bulls momentum made the stock top out at $66.63 level for the day. The stock recorded a low of $66.0978 and closed the trading day at $66.59, in the green by 0.14%. The total traded volume for the day was 1,830,959. The stock had closed at $66.5 in the previous days trading.
The company shares have rallied 26.38% 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 $65.35 and the 200 Day Moving Average price is recorded at $62.59. 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.
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.