American Electric Power Co Inc (AEP): Today's Featured Utilities Winner
(
) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 0.4%. By the end of trading, American Electric Power rose 31 cents (0.8%) to $38.51 on light volume. Throughout the day, 2.8 million shares of American Electric Power exchanged hands as compared to its average daily volume of four million shares. The stock ranged in a price between $38.20-$38.70 after having opened the day at $38.21 as compared to the previous trading day's close of $38.20. Other companies within the Utilities sector that increased today were:
(
), up 7.7%,
(
), up 3.7%,
Centrais Eletricas Brasileiras
(
), up 3.1%, and
TheStreet Recommends
(
), up 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. It generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. American Electric Power has a market cap of $18.63 billion and is part of the
industry. The company has a P/E ratio of 11.6, above the average utilities industry P/E ratio of 9.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate American Electric Power a buy, no analysts rate it a sell, and 10 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 increase in net income, attractive valuation levels, good cash flow from operations, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full American Electric Ratings Report.
On the negative front,
(
), down 7.9%,
Distribution and Marketing Company of the N
(
), down 6.9%,
China Hydroelectric Corporation
(
), down 6.4%, and
(
), down 4.4%, were all losers within the utilities sector with
(
) being today's utilities sector loser.
- 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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