American Electric Power Co. (NYSE:AEP) had its price objective dropped by investment analysts at Royal Bank Of Canada from $72.00 to $67.00 in a research note issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 8.06% from the stock’s previous close.

AEP has been the subject of several other reports. SunTrust Banks Inc. lifted their target price on American Electric Power from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, September 26th. Zacks Investment Research downgraded American Electric Power from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Morgan Stanley reissued a “hold” rating on shares of American Electric Power in a research report on Wednesday, June 15th. RBC Capital Markets reissued a “hold” rating and set a $67.00 price objective on shares of American Electric Power in a research report on Thursday. Finally, Citigroup Inc. boosted their price objective on American Electric Power from $61.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $68.17.

Analyst Recommendations for American Electric Power (NYSE:AEP)

American Electric Power (NYSE:AEP) opened at 62.00 on Thursday. The firm’s 50-day moving average is $64.51 and its 200 day moving average is $66.10. The company has a market capitalization of $30.49 billion, a PE ratio of 15.30 and a beta of 0.23. American Electric Power has a one year low of $53.30 and a one year high of $71.32.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The company earned $3.90 billion during the quarter, compared to the consensus estimate of $4.01 billion. American Electric Power had a return on equity of 9.54% and a net margin of 12.50%. American Electric Power’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. On average, equities analysts expect that American Electric Power will post $3.69 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in AEP. M&T Bank Corp boosted its position in American Electric Power by 19.5% in the first quarter. M&T Bank Corp now owns 57,127 shares of the company’s stock valued at $3,794,000 after buying an additional 9,333 shares during the last quarter. Ancora Inverness LLC boosted its position in American Electric Power by 0.8% in the first quarter. Ancora Inverness LLC now owns 6,347 shares of the company’s stock valued at $421,000 after buying an additional 48 shares during the last quarter. Aviva PLC boosted its position in American Electric Power by 1.8% in the first quarter. Aviva PLC now owns 272,988 shares of the company’s stock valued at $18,127,000 after buying an additional 4,744 shares during the last quarter. Carnick & Kubik LLC boosted its position in American Electric Power by 1.4% in the first quarter. Carnick & Kubik LLC now owns 15,500 shares of the company’s stock valued at $1,029,000 after buying an additional 215 shares during the last quarter. Finally, Wexford Capital LP acquired a new position in American Electric Power during the first quarter valued at about $7,218,000. Institutional investors and hedge funds own 68.71% of the company’s stock.

American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

5 Day Chart for NYSE:AEP

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