After this afternoon's -1.1% drop to $100.28 per share, American Electric Power might just keep moving past its target price of $100.92. With an average analyst rating of hold, and target prices from $86.0 to $114.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.6%, and a short ratio of 3.25. At 0.04%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 79.2% of American Electric Power's shares being owned by this investor type.
Institutions Invested in American Electric Power
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 50,087,177 | $5,022,742,048 |
| 2024-06-30 | Blackrock Inc. | 9% | 45,446,150 | $4,557,339,866 |
| 2024-06-30 | State Street Corporation | 5% | 25,787,801 | $2,586,000,652 |
| 2024-06-30 | Wellington Management Group, LLP | 4% | 20,823,450 | $2,088,175,540 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 12,172,104 | $1,220,618,574 |
| 2024-06-30 | Morgan Stanley | 2% | 12,135,669 | $1,216,964,872 |
| 2024-06-30 | Dodge & Cox Inc | 2% | 11,831,805 | $1,186,493,390 |
| 2024-06-30 | GQG Partners LLC | 2% | 9,582,264 | $960,909,422 |
| 2024-06-30 | Invesco Ltd. | 2% | 8,411,296 | $843,484,752 |
| 2024-06-30 | Lazard Asset Management LLC | 2% | 8,227,394 | $825,043,060 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on American Electric Power.
