American Electric Power shares fell -1.3% this afternoon to a price of $99.47. The stock is still trading within range of its average target price of $102.27, and over the last 52 weeks, it has recorded a 33.1% performance. Analysts have given the Large-Cap Electric Utilities stock target prices ranging from $86.0 to $113.0 dollars per share, with an average rating of hold.
American Electric Power's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.5%. The stock's short ratio is 2.8. At 0.04%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 79.4%. In conclusion, we believe there is mixed market sentiment regarding American Electric Power.
Institutions Invested in American Electric Power
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 50,087,177 | $4,982,171,557 |
| 2024-06-30 | Blackrock Inc. | 9% | 45,446,150 | $4,520,528,595 |
| 2024-06-30 | State Street Corporation | 5% | 25,787,801 | $2,565,112,596 |
| 2024-06-30 | Wellington Management Group, LLP | 4% | 20,823,450 | $2,071,308,596 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 12,172,104 | $1,210,759,199 |
| 2024-06-30 | Morgan Stanley | 2% | 12,135,669 | $1,207,135,010 |
| 2024-06-30 | Dodge & Cox Inc | 2% | 11,831,805 | $1,176,909,657 |
| 2024-06-30 | GQG Partners LLC | 2% | 9,582,264 | $953,147,811 |
| 2024-06-30 | Invesco Ltd. | 2% | 8,411,296 | $836,671,623 |
| 2024-06-30 | Lazard Asset Management LLC | 2% | 8,227,394 | $818,378,891 |
