Insider Selling: Hall Greg B, American Electric Power Company Inc. [AEP] Executive Vice President divested 129 shares

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The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American Electric Power Company Inc. shares valued at $11,285 were sold by Hall Greg B on Oct 06. At $87.48 per share, Hall Greg B sold 129 shares. The insider’s holdings dropped to 3,715 shares worth approximately $0.33 million following the completion of this transaction.


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Also, Risch Therace sold 5,330 shares, netting a total of over 545,526 in proceeds. Following the sale of shares at $102.35 each, the insider now holds 8,248 shares.

Before that, Zebula Charles E had sold 1,902 shares from its account. In a trade valued at $188,393, the Executive Vice President traded American Electric Power Company Inc. shares for $99.05 each. Upon closing the transaction, the insider’s holdings decreased to 1,902 shares, worth approximately $1.61 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 21.52% 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 Stock Performance

On Thursday, American Electric Power Company Inc. [NASDAQ: AEP] rose 0.53% to $88.68. The stock’s lowest price that day was $87.225, but it reached a high of $89.58 in the same session. During the last five days, there has been a surge of approximately 1.72%. Over the course of the year, American Electric Power Company Inc. shares have dropped approximately -0.33%. Shares of the company reached a 52-week high of $105.60 on 09/12/22 and a 52-week low of $80.30 on 10/13/22. A 50-day SMA is recorded $93.29, while a 200-day SMA reached $95.64. Nevertheless, trading volume fell to 4.02 million shares from 3.17 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 87.41, which, if violated, would cause prices to drop to 86.14. In the upper region, resistance lies at 89.76. The next price resistance is at 90.85. RSI (Relative Strength Index) is 49.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.48, which suggests the price will increase in the coming days. Percent R is at 27.11%, indicating bullish price movement. Stochastics %K at holding 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 rise in short interest on Jul 14, 2022 jumping by 1.01 million shares to 8.87 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.86 million shares. A jump of 11.39% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.

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 $2,566,330,494. SSgA Funds Management, Inc. acquire a 4.78% interest valued at $2.52 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 $850.58 million.

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