American Electric Power Company (AEP) : Investors lapped up stocks on upticks to the tune of $1.82 million in the Tuesdays trading session. The trading value on downticks was comparatively at $0.79 million and the uptick to downtick ratio of 2.32 indicates continuous buying by the bulls. The net money flow into the stock was $1.04 million. Upticks saw transactions worth $1.02 clearly indicating buying by large investors. The total money flow for block trades stood at $1.02 million, which is a positive for the stock in the long-term. American Electric Power Company (AEP) fell $0.1 during the day at $65.08, a drop of -0.15% over the previous days close. However, for the week, the stock is 0.6%, compared to the previous week.
Also, Equity analysts at the Brokerage firm UBS maintains its rating on American Electric Power Company (NYSE:AEP). The rating major has initiated the coverage with buy rating on the shares. The Analysts at UBS lowers the price target from $77 per share to $76 per share. The rating by the firm was issued on August 1, 2016.
American Electric Power Co., Inc. has lost 2.96% in the last five trading days and dropped 6.43% in the last 4 weeks. American Electric Power Co., Inc. has dropped 0.05% during the last 3-month period . Year-to-Date the stock performance stands at 13.28%.
American Electric Power Company (NYSE:AEP): The stock opened at $65.21 on Tuesday but the bulls could not build on the opening and the stock topped out at $65.50 for the day. The stock traded down to $64.26 during the day, due to lack of any buying support eventually closed down at $64.32 with a loss of -1.32% for the day. The stock had closed at $65.18 on the previous day. The total traded volume was 3,295,131 shares.
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.