American Electric Power Co Inc (AEP): Today's Featured Utilities Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day up 1.0%. By the end of trading, American Electric Power fell $0.57 (-1.2%) to $45.81 on heavy volume. Throughout the day, 4,943,478 shares of American Electric Power exchanged hands as compared to its average daily volume of 3,260,900 shares. The stock ranged in price between $45.76-$46.44 after having opened the day at $46.08 as compared to the previous trading day's close of $46.38. Other companies within the Utilities sector that declined today were:
(
), down 10.8%,
(
), down 5.0%,
(
), down 3.0% and
(
), down 2.6%.
American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. The company generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. American Electric Power has a market cap of $22.9 billion and is part of the utilities industry. Shares are up 10.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate American Electric Power a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
American Electric Power
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full American Electric Power Ratings Report.
On the positive front,
(
), up 25.5%,
(
), up 8.2%,
(
), up 5.7% and
(
), up 5.0% , were all gainers within the utilities sector with
(
) being today's featured utilities sector leader.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider
(
) while those bearish on the utilities sector could consider
ProShares UltraShort Utilities
(
).
- Find other investment ideas from our top rated ETFs lists.
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