American Electric Power Company Inc (NYSE:AEP) has received an average recommendation of “Hold” from the sixteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $75.36.

A number of research analysts have recently commented on the company. Royal Bank of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of American Electric Power in a research note on Monday, October 30th. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. ValuEngine upgraded American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Guggenheim cut American Electric Power from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Morgan Stanley upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price target for the company in a research note on Wednesday, December 13th.

Shares of American Electric Power (NYSE:AEP) opened at $68.73 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. American Electric Power has a 12 month low of $62.14 and a 12 month high of $78.07. The firm has a market capitalization of $33,810.00, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 3.83 and a beta of 0.30.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The firm’s revenue was down 12.8% on a year-over-year basis. equities analysts anticipate that American Electric Power will post 3.61 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of AEP. Chicago Partners Investment Group LLC acquired a new stake in American Electric Power during the 3rd quarter worth about $113,000. Bank of Nova Scotia Trust Co. acquired a new stake in American Electric Power during the 3rd quarter worth about $140,000. WFG Advisors LP grew its stake in shares of American Electric Power by 36.3% in the 2nd quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock valued at $142,000 after buying an additional 543 shares during the period. Quantbot Technologies LP acquired a new stake in shares of American Electric Power in the 2nd quarter valued at about $147,000. Finally, TCI Wealth Advisors Inc. grew its stake in shares of American Electric Power by 54.4% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,261 shares of the utilities provider’s stock valued at $159,000 after buying an additional 797 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.

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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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