American Electric Power Company (AEP) : During the past 4 weeks, traders have been relatively bearish on American Electric Power Company (AEP), hence the stock is down -3.99% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.5% relative to the S&P 500. The 4-week change in the price of the stock is -3% and the stock has fallen -0.44% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 0.38%. American Electric Power Company (NYSE:AEP): On Fridays trading session , Opening price of the stock was $67.94 with an intraday high of $68.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $67.51. However, the stock managed to close at $67.55, a loss of 0.25% for the day. On the previous day, the stock had closed at $67.72. The total traded volume of the day was 1,373,256 shares.
The company Insiders own 0.13% of American Electric Power Company shares according to the proxy statements. Institutional Investors own 67.81% of American Electric Power Company shares. Also, Equity Analysts at the UBS 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 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 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.