American Electric Power Company, Inc. (NYSE:AEP) has been assigned an average rating of “Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $72.15.

Several analysts have recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a research report on Friday. KeyCorp reiterated a “buy” rating and issued a $73.00 price target on shares of American Electric Power in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $71.00 price target on shares of American Electric Power in a research report on Monday, September 4th. BidaskClub upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and increased their price target for the company from $68.00 to $70.00 in a research report on Monday, June 26th.

American Electric Power (NYSE AEP) opened at 74.19 on Friday. The firm has a market capitalization of $36.49 billion, a PE ratio of 63.85 and a beta of 0.29. The stock’s 50 day moving average price is $71.92 and its 200 day moving average price is $69.39. American Electric Power has a one year low of $57.89 and a one year high of $74.37.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by $0.07. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter in the prior year, the company earned $0.95 earnings per share. Analysts expect that American Electric Power will post $3.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.18%. American Electric Power’s dividend payout ratio (DPR) is currently 203.45%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AEP. Advisor Partners LLC boosted its position in American Electric Power by 0.8% during the first quarter. Advisor Partners LLC now owns 9,973 shares of the utilities provider’s stock worth $669,000 after acquiring an additional 75 shares during the last quarter. Advisory Services Network LLC acquired a new stake in American Electric Power during the first quarter worth approximately $168,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in American Electric Power by 2.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 88,088 shares of the utilities provider’s stock worth $5,913,000 after acquiring an additional 2,210 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in American Electric Power by 82.9% during the first quarter. Kornitzer Capital Management Inc. KS now owns 18,199 shares of the utilities provider’s stock worth $1,222,000 after acquiring an additional 8,250 shares during the last quarter. Finally, Geneva Advisors LLC boosted its position in American Electric Power by 9.6% during the first quarter. Geneva Advisors LLC now owns 6,069 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 71.20% 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 service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

Analyst Recommendations for American Electric Power (NYSE:AEP)

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