American Electric Power Receives a Buy from Barclays

By Jason Carr

Barclays analyst Daniel Ford maintained a Buy rating on American Electric Power (NYSE: AEP) on February 17 and set a price target of $71. The company’s shares closed last Friday at $64.11.

According to TipRanks.com, Ford is a 4-star analyst with an average return of 5.1% and a 64.9% success rate. Ford covers the Utilities sector, focusing on stocks such as American States Water Company, Hawaiian Electric Industries, and Pinnacle West Capital Corp.

American Electric Power has an analyst consensus of Moderate Buy, with a price target consensus of $68.

American Electric Power’s market cap is currently $31.52B and has a P/E ratio of 69.05. The company has a book value ratio of 1.8199.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEP in relation to earlier this year. Most recently, in May 2016, Mark C. McCullough, the EVP of AEP bought 4,425 shares for a total of $284,660.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Electric Power Co., Inc. is a public utility holding company that engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The Transmission & Distribution Utilities segment engages in the business of transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The AEP Transmission Holdco segment engages in the development, construction and operation of transmission facilities through investments in its wholly-owned transmission subsidiaries and joint ventures. The Generation & Marketing segment engages in non-regulated generation; and marketing, risk management, and retail activities. The company was founded on December 20, 1906 and is headquartered in Columbus, OH.