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American Electric Power (AEP) Has a New Rating from Evercore ISI

October 14, 2021

American Electric Power (AEP – Research Report) received a Buy rating and a $99.00 price target from Evercore ISI analyst Durgesh Chopra yesterday. The company’s shares closed last Wednesday at $83.46.

According to TipRanks.com, Chopra is a 3-star analyst with an average return of 7.0% and a 52.4% success rate. Chopra covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Pinnacle West Capital, and Edison International.

Currently, the analyst consensus on American Electric Power is a Moderate Buy with an average price target of $96.00.

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The company has a one-year high of $94.21 and a one-year low of $74.80. Currently, American Electric Power has an average volume of 2.7M.

Based on the recent corporate insider activity of 76 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 Company, Inc. is a public utility holding company. It primarily engages in generating, transmitting and distributing electricity. With approximately 5.5 million customers across 11 states, it is one of the largest integrated utility companies in the United States.

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Howard Kim