Monitoring American Electric Power Company Inc. (AEP) after recent insider movements


American Electric Power Company Inc.’s filing revealed that its Executive Chair Akins Nicholas K unloaded Company’s shares for reported $0.97 million on May 02. In the deal valued at $92.75 per share,10,491 shares were sold. As a result of this transaction, Akins Nicholas K now holds 125,520 shares worth roughly $ 9.54 million.

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Then, Feinberg David Matthew sold 1,616 shares, generating $149,884 in total proceeds. Upon selling the shares at $92.75, the Executive Vice President now owns 8,925 shares.

Before that, Beam Christian T sold 513 shares. American Electric Power Company Inc. shares valued at $47,581 were divested by the Executive Vice President at a price of $92.75 per share. As a result of the transaction, Beam Christian T now holds 4,453 shares, worth roughly $0.34 million.

Barclays initiated its American Electric Power Company Inc. [AEP] rating to an Overweight in a research note published on Tuesday, August 23, 2023; the price target was $88. PT values the company’s stock at a premium of 13.64 to its Tuesday closing price.

Price Performance Review of AEP

On Tuesday, American Electric Power Company Inc. [NASDAQ:AEP] saw its stock fall -1.96% to $76.00. On the same session, the stock had its day’s lowest price of $75.47, but rose to a high of $77.41. Over the last five days, the stock has lost -4.04%. American Electric Power Company Inc. shares have fallen nearly -19.96% since the year began. Nevertheless, the stocks have fallen -25.77% over the past one year. While a 52-week high of $105.60 was reached on 01/09/23, a 52-week low of $77.01 was recorded on 09/05/23. SMA at 50 days reached $82.70, while 200 days put it at $89.08. A total of 2.97 million shares were traded, compared to the trading of 2.55 million shares in the previous session.

Levels Of Support And Resistance For AEP Stock

The 24-hour chart illustrates a support level at 75.18, which if violated will result in even more drops to 74.35. On the upside, there is a resistance level at 77.12. A further resistance level may holdings at 78.23. The Relative Strength Index (RSI) on the 14-day chart is 24.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.40%. Stochastics %K at 13.36% indicates the stock is a buying.

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 Aug 14, 2023, growing by 3.14 million shares to a total of 9.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.64 million shares. There was a rise of 32.11%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.74.

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 46,352,522 shares, or roughly 9.00% of the outstanding AEP shares. In other words, the investor’s shares have risen by 44,701 from its previous 13-F filing of 46307821.0. Additionally, BlackRock Fund Advisors decreased -3.71% of its stake after which the total value it holdings stand at $2,464,963,388, while SSgA Funds Management, Inc. added 0.32% of its stake to hold $2.3 billion in the firm. Over the last quarter, Wellington Management Co. LLP purchased 831,091 shares of American Electric Power Company Inc., while Geode Capital Management LLC bought 307,915 shares. At present, Morgan Stanley Smith Barney LLC is holding 9,609,930 shares valued at $814.35 million. Columbia Management Investment Ad owned 9,147,801 shares of the company at the time of its most recent 13F filing, worth $775.18 million.

According to FactSet, American Electric Power Company Inc.’s share price will average $95.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.84 percent from its previous closing price of $77.52. Analysts expect American Electric Power Company Inc. stock to reach the higher price of $113.00, while the lowest price estimate is $74.50. However, 21 analysts have rated AEP stock as an Overweight in their predictions for 2023.


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