A company insider recently sold 5,330 shares of American Electric Power Company Inc. [AEP]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Electric Power Company Inc. shares valued at $545,526 were sold by Risch Therace on Jun 06. At $102.35 per share, Risch Therace sold 5,330 shares. The insider’s holdings dropped to 8,248 shares worth approximately $0.82 million following the completion of this transaction.

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Also, Zebula Charles E sold 1,902 shares, netting a total of over 188,393 in proceeds. Following the sale of shares at $99.05 each, the insider now holds 18,134 shares.

Before that, SLOAT JULIA A had sold 1,803 shares from its account. In a trade valued at $180,570, the Executive VP, CFO traded American Electric Power Company Inc. shares for $100.15 each. Upon closing the transaction, the insider’s holdings decreased to 1,803 shares, worth approximately $3.45 million.

As published in their initiating research note from Credit Suisse on April 26, 2022, American Electric Power Company Inc. [AEP] has been an Outperform and the price target has been revised to $113. This represents a 12.5% premium over Thursday’s closing price. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of February 28, 2022, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for AEP. Earlier on July 26, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AEP stock which previously was a “a Neutral”.

Analyzing AEP’s Price Performance

On Thursday, American Electric Power Company Inc. [NASDAQ: AEP] rose 0.31% to $98.88. The stock’s lowest price that day was $98.04, but it reached a high of $99.51 in the same session. During the last five days, there has been a drop of approximately -1.31%. Over the course of the year, American Electric Power Company Inc. shares have jumped approximately 11.14%. Shares of the company reached a 52-week high of $105.60 on 09/12/22 and a 52-week low of $84.20 on 02/17/22. A 50-day SMA is recorded $100.27, while a 200-day SMA reached $95.69. Nevertheless, trading volume fell to 1.93 million shares from 2.85 million shares the previous day.

Support And Resistance Levels for American Electric Power Company Inc. (AEP)

According to the 24-hour chart, there is a support level at 98.11, which, if violated, would cause prices to drop to 97.34. In the upper region, resistance lies at 99.58. The next price resistance is at 100.28. RSI (Relative Strength Index) is 41.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.76, which suggests the price will decrease in the coming days. Percent R is at 88.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is American Electric Power Company Inc. subject to short interest?

Stocks of American Electric Power Company Inc. saw a sharp steep in short interest on Aug 30, 2022 dropping by -0.54 million shares to 7.97 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 8.51 million shares. A decline of -6.78% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.66 of the overall float, the days-to-cover ratio (short ratio) decline to 3.66.

Which companies own the most shares of American Electric Power Company Inc. (AEP)?

According to The Vanguard Group, Inc. filings, the company currently owns 44,549,809 shares, which is about 8.67% of the total AEP shares outstanding. The investor’s shares have appreciated by 1,367,063 from its previous 13-F filing of 43182746.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $2,974,509,144. SSgA Funds Management, Inc. acquire a 4.78% interest valued at $2.92 billion while Wellington Management Co. LLP purchased a 101,552 stake. A total of 2,337,398 shares of American Electric Power Company Inc. were bought by Columbia Management Investment Ad during the quarter, and -869,054 were sold by Massachusetts Financial Services. In its current portfolio, Geode Capital Management LLC holds 9,838,972 shares valued at $985.86 million.

In terms of American Electric Power Company Inc. share price expectations, FactSet research, analysts set an average price target of $107.79 in the next 12 months, up nearly 10.07% from the previous closing price of $98.57. Analysts anticipate American Electric Power Company Inc. stock to reach $120.00 by 2022, with the lowest price target being $80.00. In spite of this, 19 analysts ranked American Electric Power Company Inc. stock as an Overweight at the end of 2022.


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