SunTrust Robinson Sticks to Their Buy Rating for American Electric Power

By Jason Carr

In a report released today, Ali Agha from SunTrust Robinson reiterated a Buy rating on American Electric Power (NYSE: AEP), with a price target of $80. The company’s shares opened today at $69.38.

According to TipRanks.com, Agha is a 4-star analyst with an average return of 7.7% and a 67.4% success rate. Agha covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Edison International, and Centerpoint Energy.

Currently, the analyst consensus on American Electric Power is a Moderate Buy with an average price target of $74.80, a 7.8% upside from current levels. In a report issued on July 19, KeyBanc also maintained a Buy rating on the stock with a $73 price target.

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The company has a one-year high of $78.07 and a one-year low of $62.71. Currently, American Electric Power has an average volume of 3.11M.

Based on the recent corporate insider activity of 25 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.

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 & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing.