Stock Buzzer: 2016 Q2 Sentiment American Electric Power Co Inc (NYSE:AEP)

November 25, 2016 - By Darrin Black   ·   0 Comments

Stock Buzzer:  2016 Q2 Sentiment American Electric Power Co Inc (NYSE:AEP)

Sentiment for American Electric Power Co Inc (NYSE:AEP)

American Electric Power Co Inc (NYSE:AEP) institutional sentiment decreased to 1.01 in 2016 Q2. Its down -0.02, from 1.03 in 2016Q1. The ratio has worsened, as 320 hedge funds started new or increased positions, while 310 reduced and sold positions in American Electric Power Co Inc. The hedge funds in our partner’s database now own: 328.57 million shares, down from 346.89 million shares in 2016Q1. Also, the number of hedge funds holding American Electric Power Co Inc in their top 10 positions decreased from 9 to 6 for a decrease of 3. Sold All: 51 Reduced: 259 Increased: 263 New Position: 57.

American Electric Power Company, Inc. is a public utility holding firm that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The company has a market cap of $28.75 billion. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. It has a 65.13 P/E ratio. AEP’s vertically integrated utility activities are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers.

The stock closed at $58.82 during the last session. It is down 6.25% since April 22, 2016 and is downtrending. It has underperformed by 11.66% the S&P500.

Analysts await American Electric Power Company Inc (NYSE:AEP) to report earnings on January, 26. They expect $0.54 EPS, up 12.50% or $0.06 from last year’s $0.48 per share. AEP’s profit will be $263.94 million for 27.23 P/E if the $0.54 EPS becomes a reality. After $1.30 actual EPS reported by American Electric Power Company Inc for the previous quarter, Wall Street now forecasts -58.46% negative EPS growth.

According to Zacks Investment Research, “American Electric Power is a public utility holding company which owns, directly or indirectly, all of the outstanding common stock of its domestic electric utility subsidiaries and varying percentages of other subsidiaries. Substantially all of the operating revenues of AEP and its subsidiaries are derived from the furnishing of electric service. The Company’s operations are divided into three business segments: Wholesale, Energy Delivery and Other.”

F&V Capital Management Llc holds 3.88% of its portfolio in American Electric Power Company Inc for 74,365 shares. Independence Trust Co owns 31,650 shares or 3.41% of their US portfolio. Moreover, Forester Capital Management Ltd has 3.37% invested in the company for 51,757 shares. The New York-based A.R. Schmeidler & Co. Inc. has invested 3.32% in the stock. Breton Hill Capital Ltd., a Ontario – Canada-based fund reported 114,278 shares.#img1#

American Electric Power Company Inc (NYSE:AEP) Ratings Coverage

Ratings analysis reveals 56% of American Electric Power Company Inc.’s analysts are positive. Out of 16 Wall Street analysts rating American Electric Power Company Inc., 9 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $55 while the high is $77. The stock’s average target of $66.13 is 12.43% above today’s ($58.82) share price. AEP was included in 38 notes of analysts from August 18, 2015. The firm has “Hold” rating given on Tuesday, September 20 by Jefferies. The stock has “Buy” rating given by Jefferies on Friday, July 29. As per Thursday, October 13, the company rating was maintained by RBC Capital Markets. Jefferies maintained American Electric Power Company Inc (NYSE:AEP) on Friday, October 23 with “Buy” rating. The firm has “Buy” rating by SunTrust given on Monday, September 26. The stock of American Electric Power Company Inc (NYSE:AEP) earned “Buy” rating by UBS on Monday, December 7. The stock of American Electric Power Company Inc (NYSE:AEP) earned “Hold” rating by Hilliard Lyons on Friday, July 29. The stock has “Overweight” rating given by Barclays Capital on Friday, March 18. Jefferies maintained the stock with “Buy” rating in Friday, June 17 report. The rating was maintained by Jefferies with “Buy” on Thursday, September 17.

AEP Company Profile

American Electric Power Company, Inc. (AEP), incorporated on December 20, 1906, is a public utility holding firm that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The public utility subsidiaries of AEP provide electric service, consisting of generation, transmission and distribution, on an integrated basis to retail customers. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

More important recent American Electric Power Company Inc (NYSE:AEP) news were published by: Seekingalpha.com which released: “American Electric Power: Steady And Sustainable” on November 20, 2016, also Nasdaq.com published article titled: “American Electric Power Company, Inc. (AEP) Ex-Dividend Date Scheduled for …”, Forbes.com published: “Ex-Dividend Reminder: American Electric Power, Entergy and AmeriGas Partners” on November 04, 2016. More interesting news about American Electric Power Company Inc (NYSE:AEP) was released by: Bizjournals.com and their article: “AEP plans to spend $1 billion on renewables” with publication date: November 02, 2016.

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By Darrin Black


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