The consensus estimate for American Electric Power Company’s FY2016 earnings is $3.70 per share. Price objectives range from a low of $28 to a high of $38. Zacks Investment Research upgraded Portland General Electric Company from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Sunday, February 14th. General Electric Company was Downgraded by Berenberg to ” Hold” on April 4, 2016. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. We calculate the trailing twelve month volatility for American Electric Power Company, Inc. 85,435 shares of the stock traded hands.
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As mentioned on FactSet, the Street remains mostly bullish on the stock, and has a mean price target of $33.09 for the next 12 months. The firm has a market cap of $3.39 billion and a P/E ratio of 18.69. The firm’s 50-day moving average price is $64.98 and its 200-day moving average price is $59.93.
Somewhat similar results are expected in the earnings release today; however, with the company increasing its investments in renewable energy projects, the Renewable segment might report YoY growth this quarter. The company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.02. During the same quarter in the previous year, the company posted $0.56 EPS. The stock was sold at an average price of $62.00, for a total value of $508,958.00.
A number of other hedge funds have also added to or reduced their stakes in the stock. Barry Investment Advisors LLC increased its position in American Electric Power Company by 0.4% in the fourth quarter. Finally, Acadian Asset Management purchased a new stake in shares of Portland General Electric Company during the fourth quarter worth about $1,447,000. Whittier Trust Co. boosted its stake in shares of Portland General Electric Company by 1.0% in the fourth quarter.
The company lost $98 million, or $0.01 per share, for the period ending March 31, following a decline of $13.6 billion, or $1.35 per share, a year earlier. Carroll Financial Associates increased its position in American Electric Power Company by 5.8% in the fourth quarter.
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Selling a put does not give an investor access to AEP’s upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Portland General Electric Company by 0.5% in the fourth quarter. CIBC World Markets now owns 7,617 shares of the company’s stock valued at $444,000 after buying an additional 2,355 shares during the last quarter.
