American Electric Power Company Inc (AEP) Given Average Rating of “Hold” by Analysts

Shares of American Electric Power Company Inc (NYSE:AEP) have earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $70.36.

Several analysts have weighed in on AEP shares. Jefferies Group LLC raised their price target on American Electric Power Company from $62.00 to $65.00 and gave the company a “hold” rating in a report on Friday, January 27th. Guggenheim cut American Electric Power Company from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Wells Fargo & Co raised American Electric Power Company from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 10th. They noted that the move was a valuation call. Barclays PLC reaffirmed a “buy” rating and issued a $71.00 price target on shares of American Electric Power Company in a report on Monday, February 20th. Finally, Royal Bank of Canada set a $66.00 price target on American Electric Power Company and gave the company a “hold” rating in a report on Wednesday, January 4th.

In other news, insider Lisa M. Barton sold 1,314 shares of the stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $65.90, for a total transaction of $86,592.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of American Electric Power Company by 22.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,714,397 shares of the company’s stock valued at $559,551,000 after buying an additional 1,606,332 shares during the period. Energy Income Partners LLC purchased a new position in shares of American Electric Power Company during the fourth quarter valued at approximately $81,340,000. The Manufacturers Life Insurance Company purchased a new position in shares of American Electric Power Company during the third quarter valued at approximately $79,422,000. BlackRock Institutional Trust Company N.A. raised its position in shares of American Electric Power Company by 7.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,280,077 shares of the company’s stock valued at $916,924,000 after buying an additional 998,259 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of American Electric Power Company during the fourth quarter valued at approximately $62,820,000. Hedge funds and other institutional investors own 68.13% of the company’s stock.

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Shares of American Electric Power Company (NYSE:AEP) opened at 66.47 on Monday. 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 price is $64.94 and its 200 day moving average price is $63.23. The company has a market capitalization of $32.68 billion, a PE ratio of 53.48 and a beta of 0.23.

American Electric Power Company (NYSE:AEP) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.12. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that American Electric Power Company will post $3.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were given a dividend of $0.59 per share. The ex-dividend date was Wednesday, February 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.55%. American Electric Power Company’s dividend payout ratio (DPR) is presently 190.32%.

About American Electric Power Company

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.

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