American Electric Power Company Inc (NYSE:AEP) has received a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $84.71.

Several equities research analysts recently commented on AEP shares. Bank of America reissued a “buy” rating and issued a $43.00 price target (up previously from $36.00) on shares of The Medicines in a report on Tuesday, July 9th. Wolfe Research set a $205.00 price target on shares of Raytheon and gave the stock a “buy” rating in a report on Friday, April 26th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. KeyCorp started coverage on shares of Southern in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, UBS Group reaffirmed a “buy” rating on shares of Linde in a report on Friday, July 12th.

In related news, EVP Paul Chodak III sold 1,303 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $86.52, for a total value of $112,735.56. Following the completion of the sale, the executive vice president now owns 8,152 shares of the company’s stock, valued at $705,311.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa M. Barton sold 1,752 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $89.41, for a total transaction of $156,646.32. Following the completion of the sale, the insider now directly owns 34,460 shares of the company’s stock, valued at approximately $3,081,068.60. The disclosure for this sale can be found here. Insiders have sold 24,637 shares of company stock valued at $2,112,145 in the last ninety days. Insiders own 0.16% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sageworth Trust Co grew its holdings in shares of American Electric Power by 1,026.9% in the first quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 267 shares during the period. Legacy Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter valued at about $25,000. Truvestments Capital LLC purchased a new stake in shares of American Electric Power in the first quarter valued at about $28,000. IMA Wealth Inc. purchased a new stake in shares of American Electric Power in the second quarter valued at about $30,000. Finally, Capital Financial Planning LLC acquired a new position in American Electric Power in the fourth quarter valued at about $26,000. 73.58% of the stock is owned by hedge funds and other institutional investors.

NYSE AEP traded down $1.48 on Tuesday, hitting $90.28. The company had a trading volume of 1,693,305 shares, compared to its average volume of 2,024,329. The stock has a market capitalization of $44.53 billion, a P/E ratio of 22.86, a PEG ratio of 3.85 and a beta of 0.16. The company’s fifty day moving average price is $89.58. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.19. American Electric Power has a 12-month low of $68.13 and a 12-month high of $91.99.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.10 by $0.09. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.23 billion. American Electric Power had a net margin of 12.64% and a return on equity of 10.81%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, equities research analysts predict that American Electric Power will post 4.14 EPS for the current fiscal year.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

See Also: Fundamental Analysis

Analyst Recommendations for American Electric Power (NYSE:AEP)

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