Brokerages Set American Electric Power Company Inc (AEP) Target Price at $71.56

American Electric Power Company Inc (NYSE:AEP) has been given an average rating of “Hold” by the sixteen analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $71.56.

AEP has been the topic of a number of recent research reports. Jefferies Group LLC raised their target price on shares of American Electric Power Company from $65.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, March 14th. Barclays PLC reaffirmed a “buy” rating and set a $71.00 price target on shares of American Electric Power Company in a report on Monday, February 20th. Deutsche Bank AG lifted their price target on American Electric Power Company from $70.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Zacks Investment Research cut American Electric Power Company from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Finally, Mizuho reaffirmed a “buy” rating and set a $72.50 price target on shares of American Electric Power Company in a report on Wednesday, April 19th.

American Electric Power Company (NYSE:AEP) traded up 0.60% during mid-day trading on Tuesday, reaching $68.72. The company’s stock had a trading volume of 2,377,568 shares. American Electric Power Company has a 12 month low of $57.89 and a 12 month high of $71.32. The stock’s 50-day moving average is $67.73 and its 200-day moving average is $64.37. The firm has a market capitalization of $33.79 billion, a PE ratio of 48.19 and a beta of 0.23.

American Electric Power Company (NYSE:AEP) last issued its earnings results on Thursday, April 27th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.01. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the business earned $1.02 EPS. The business’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that American Electric Power Company will post $3.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th will be given a $0.59 dividend. The ex-dividend date is Monday, May 8th. This represents a $2.36 annualized dividend and a yield of 3.43%. American Electric Power Company’s dividend payout ratio (DPR) is 190.32%.

In other American Electric Power Company news, insider Lisa M. Barton sold 1,314 shares of American Electric Power Company stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $65.90, for a total value of $86,592.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul Chodak III sold 1,110 shares of American Electric Power Company stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total transaction of $75,702.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its position in American Electric Power Company by 0.3% in the third quarter. Chicago Partners Investment Group LLC now owns 1,588 shares of the utilities provider’s stock valued at $102,000 after buying an additional 5 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in American Electric Power Company by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock valued at $117,000 after buying an additional 6 shares during the last quarter. First Heartland Consultants Inc. boosted its position in American Electric Power Company by 0.3% in the third quarter. First Heartland Consultants Inc. now owns 3,199 shares of the utilities provider’s stock valued at $205,000 after buying an additional 8 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in American Electric Power Company by 0.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 3,583 shares of the utilities provider’s stock valued at $226,000 after buying an additional 9 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its position in American Electric Power Company by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,812 shares of the utilities provider’s stock valued at $189,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 68.13% of the company’s stock.

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American Electric Power Company 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.

5 Day Chart for NYSE:AEP

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