American Electric Power Company Inc (AEP) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 67 from a previous price target of $72 . RBC Capital Mkts advised their investors in a research report released on Oct 13, 2016.
Many Wall Street Analysts have commented on American Electric Power Company Inc. American Electric Power Company Inc was Downgraded by Jefferies to ” Hold” on Sep 20, 2016. American Electric Power Company Inc was Upgraded by Goldman to ” Buy” on Jul 26, 2016.
On the company’s financial health, American Electric Power Company Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $3900.00 million for the quarter, compared to analysts expectations of $3981.30 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
American Electric Power Company Inc closed down -0.87 points or -1.40% at $61.34 with 21,57,746 shares getting traded on Tuesday. Post opening the session at $61.98, the shares hit an intraday low of $61.28 and an intraday high of $62.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 10, 2016, Mark C Mccullough (Executive Vice President) purchased 4,489 shares at $63.43 per share price. According to the SEC, on May 6, 2016, Robert P Powers (Executive Vice President, COO) sold 1,046 shares at $65.39 per share price. On Feb 3, 2016, Lionel L Iii Nowell (director) sold 8,209 shares at $62.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.