Large Inflow of Money Detected in American Electric Power Company

American Electric Power Company (AEP) : American Electric Power Company (AEP) had a healthy money flow of $21.38 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $33.15 million, whereas, investors only sold shares worth $11.77 million on downticks. The stock closed the day with an up-down ratio of 2.82.The money flow in the block trades to the tune of $22.24 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $22.24 million worth of transactions were on upticks. American Electric Power Company (AEP) stock slid $0.42 intraday and traded at 69.35, a change of -0.6% over previous days close. However, for the week, the company shares are -0.42% compared to previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of American Electric Power Company (NYSE:AEP). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $75 per share from a prior target of $70. The rating by the firm was issued on June 17, 2016.

American Electric Power Company (NYSE:AEP): The stock opened at $69.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $69.87 for the day. The stock traded down to $69.21 during the day, due to lack of any buying support eventually closed down at $69.35 with a loss of -0.60% for the day. The stock had closed at $69.77 on the previous day. The total traded volume was 1,458,523 shares.

The stock has recorded a 20-day Moving Average of 0.13% and the 50-Day Moving Average is 3.69%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Executive Vice President) of American Electric Power Co Inc, Mccullough Mark C had purchased shares worth of $284,737 in a transaction dated on May 25, 2016. A total of 4,489 shares were purchased at a price of $63.43 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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