American Electric Power Co. (NYSE:AEP)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Monday. They presently have a $62.00 price target on the stock, down from their previous price target of $66.50. Jefferies Group’s target price would indicate a potential upside of 4.27% from the stock’s previous close.

Other research analysts have also issued research reports about the company. KeyCorp set a $72.50 price target on American Electric Power and gave the stock a “buy” rating in a research report on Monday, September 12th. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, September 13th. Goldman Sachs Group Inc. raised American Electric Power from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $71.00 to $73.00 in a research report on Tuesday, July 26th. SunTrust Banks Inc. boosted their price target on American Electric Power from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Finally, Hilliard Lyons lowered American Electric Power from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. American Electric Power currently has an average rating of “Hold” and an average price target of $68.50.

Analyst Recommendations for American Electric Power (NYSE:AEP)

American Electric Power (NYSE:AEP) opened at 59.46 on Monday. The company has a market capitalization of $29.24 billion, a PE ratio of 41.41 and a beta of 0.23. The company has a 50-day moving average price of $63.06 and a 200 day moving average price of $65.68. American Electric Power has a 12 month low of $54.08 and a 12 month high of $71.32.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.08. The firm had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.68 billion. American Electric Power had a return on equity of 10.25% and a net margin of 4.37%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, equities research analysts forecast that American Electric Power will post $3.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a dividend of $0.59 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.56. This represents a $2.36 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Tuesday, November 8th. American Electric Power’s dividend payout ratio is currently 163.89%.

Hedge funds have recently made changes to their positions in the company. Cable Hill Partners LLC increased its stake in shares of American Electric Power by 23.2% in the third quarter. Cable Hill Partners LLC now owns 7,008 shares of the company’s stock valued at $436,000 after buying an additional 1,318 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of American Electric Power by 3.7% in the third quarter. Mosaic Family Wealth LLC now owns 6,006 shares of the company’s stock valued at $386,000 after buying an additional 215 shares in the last quarter. Credit Suisse AG increased its stake in shares of American Electric Power by 3.9% in the third quarter. Credit Suisse AG now owns 1,788,911 shares of the company’s stock valued at $114,866,000 after buying an additional 66,444 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of American Electric Power by 21.0% in the third quarter. Ameritas Investment Partners Inc. now owns 11,755 shares of the company’s stock valued at $755,000 after buying an additional 2,042 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of American Electric Power by 21.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 37,710 shares of the company’s stock valued at $2,421,000 after buying an additional 6,665 shares in the last quarter. Institutional investors and hedge funds own 67.59% 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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