Shares of American Electric Power Company Inc (NYSE:AEP) have earned a consensus rating of “Buy” from the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $95.06.
A number of analysts recently commented on the stock. TheStreet upgraded shares of American Electric Power from a “c+” rating to a “b-” rating in a research report on Tuesday, July 21st. KeyCorp boosted their price objective on American Electric Power from $93.00 to $96.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Seaport Global Securities initiated coverage on shares of American Electric Power in a report on Wednesday, May 20th. They set a “buy” rating and a $86.00 target price on the stock. Morgan Stanley upped their price target on shares of American Electric Power from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, UBS Group raised their price objective on shares of American Electric Power from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, June 5th.
AEP traded up $0.65 during midday trading on Friday, reaching $80.65. 25,417 shares of the company were exchanged, compared to its average volume of 2,405,520. The stock has a market capitalization of $39.86 billion, a P/E ratio of 20.72, a PEG ratio of 3.33 and a beta of 0.31. American Electric Power has a one year low of $65.14 and a one year high of $104.97. The stock’s 50-day simple moving average is $81.91 and its 200 day simple moving average is $83.00. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.30 and a current ratio of 0.42.
American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.03. American Electric Power had a net margin of 12.56% and a return on equity of 10.24%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm earned $1.00 EPS. American Electric Power’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that American Electric Power will post 4.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.47%. American Electric Power’s payout ratio is 66.04%.
A number of institutional investors have recently bought and sold shares of AEP. CSat Investment Advisory L.P. raised its stake in American Electric Power by 8.4% in the second quarter. CSat Investment Advisory L.P. now owns 1,522 shares of the utilities provider’s stock valued at $122,000 after buying an additional 118 shares during the period. Kovack Advisors Inc. raised its stake in American Electric Power by 2.0% in the 2nd quarter. Kovack Advisors Inc. now owns 6,067 shares of the utilities provider’s stock valued at $483,000 after acquiring an additional 119 shares during the period. Richard P Slaughter Associates Inc lifted its holdings in American Electric Power by 1.0% during the 2nd quarter. Richard P Slaughter Associates Inc now owns 12,706 shares of the utilities provider’s stock valued at $1,012,000 after purchasing an additional 125 shares during the last quarter. Cadence Bank NA boosted its position in American Electric Power by 1.0% during the second quarter. Cadence Bank NA now owns 12,616 shares of the utilities provider’s stock worth $1,005,000 after purchasing an additional 125 shares during the period. Finally, Advisors Management Group Inc. ADV boosted its holdings in shares of American Electric Power by 0.3% during the 1st quarter. Advisors Management Group Inc. ADV now owns 40,926 shares of the utilities provider’s stock worth $3,273,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 73.16% of the company’s stock.
About American Electric Power
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.
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