American Electric Power Company Inc. (AEP) may enjoy gains as insiders got busy in the recent days

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American Electric Power Company Inc.’s filing revealed that its Executive Vice President Hall Greg B unloaded Company’s shares for reported $11285.0 on Oct 06. In the deal valued at $87.48 per share,129 shares were sold. As a result of this transaction, Hall Greg B now holds 3,715 shares worth roughly $ 0.33 million.


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Then, Risch Therace sold 5,330 shares, generating $545,526 in total proceeds. Upon selling the shares at $102.35, the Executive Vice President now owns 8,248 shares.

Before that, Zebula Charles E sold 1,902 shares. American Electric Power Company Inc. shares valued at $188,393 were divested by the Executive Vice President at a price of $99.05 per share. As a result of the transaction, Zebula Charles E now holds 18,134 shares, worth roughly $1.6 million.

Credit Suisse initiated its American Electric Power Company Inc. [AEP] rating to an Outperform in a research note published on Monday, April 26, 2022; the price target was $113. PT values the company’s stock at a premium of 22.12 to its Monday closing price. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. Wells Fargo also remained covering AEP and has increased its forecast on February 28, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on July 26, 2021. It rated AEP as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AEP

On Monday, American Electric Power Company Inc. [NASDAQ:AEP] saw its stock fall -1.75% to $88.00. On the same session, the stock had its day’s lowest price of $86.68, but rose to a high of $89.84. Over the last five days, the stock has gained 0.09%. American Electric Power Company Inc. shares have fallen nearly -1.09% since the year began. Nevertheless, the stocks have risen 3.48% over the past one year. While a 52-week high of $105.60 was reached on 09/12/22, a 52-week low of $80.22 was recorded on 10/13/22. SMA at 50 days reached $92.73, while 200 days put it at $95.63. A total of 2.65 million shares were traded, compared to the trading of 0.96 million shares in the previous session.

Levels Of Support And Resistance For AEP Stock

The 24-hour chart illustrates a support level at 86.51, which if violated will result in even more drops to 85.01. On the upside, there is a resistance level at 89.67. A further resistance level may holdings at 91.33. The Relative Strength Index (RSI) on the 14-day chart is 47.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.51%. Stochastics %K at 73.86% indicates the stock is a holding.

How much short interest is there in American Electric Power Company Inc.?

A steep rise in short interest was recorded in American Electric Power Company Inc. stocks on Jul 14, 2022, growing by 1.01 million shares to a total of 8.87 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.86 million shares. There was a rise of 11.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.

American Electric Power Company Inc. [AEP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 44,549,809 shares, or roughly 8.67% of the outstanding AEP shares. In other words, the investor’s shares have risen by 1,367,063 from its previous 13-F filing of 43182746.0. Additionally, BlackRock Fund Advisors increased 7.63% of its stake after which the total value it holdings stand at $2,566,330,494, while SSgA Funds Management, Inc. added 4.78% of its stake to hold $2.52 billion in the firm. Over the last quarter, Wellington Management Co. LLP purchased 101,552 shares of American Electric Power Company Inc., while Columbia Management Investment Ad bought 2,337,398 shares. At present, Massachusetts Financial Services is holding 9,888,787 shares valued at $854.89 million. Geode Capital Management LLC owned 9,838,972 shares of the company at the time of its most recent 13F filing, worth $850.58 million.

According to FactSet, American Electric Power Company Inc.’s share price will average $97.36 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.41 percent from its previous closing price of $89.57. Analysts expect American Electric Power Company Inc. stock to reach the higher price of $109.00, while the lowest price estimate is $80.00. However, 19 analysts have rated AEP stock as an Overweight in their predictions for 2022. The most recent change occurred on March 11, 2021 when Edward Jones began covering the stock and recommended ‘”a Buy”‘ rating.

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