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Equities researchers at UBS AG decreased their target price on shares of American Electric Power Co. (NYSE:AEP) from $48.00 to $45.00 in a research report issued on Thursday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target would suggest a potential upside of 5.51% from the stock’s previous close.

Shares of American Electric Power Co. (NYSE:AEP) traded down 1.18% on Thursday, hitting $42.65. 2,297,938 shares of the company’s stock traded hands. American Electric Power Co. has a 52-week low of $40.56 and a 52-week high of $51.60. The stock’s 50-day moving average is $45.43 and its 200-day moving average is $46.89. The company has a market cap of $20.761 billion and a price-to-earnings ratio of 17.33.

American Electric Power Co. (NYSE:AEP) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.01. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that American Electric Power Co. will post $3.14 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Argus cut their price target on shares of American Electric Power Co. from $55.00 to $52.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of American Electric Power Co. from $52.00 to $48.00 in a research note to investors on Friday, July 26th. They now have a “market perform” rating on the stock. Finally, analysts at Sanford C. Bernstein cut their price target on shares of American Electric Power Co. from $52.00 to $50.00 in a research note to investors on Friday, July 26th.

Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. American Electric Power Co. currently has a consensus rating of “Hold” and an average price target of $49.15.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Wednesday, August 7th.

American Electric Power Company, Inc (NYSE:AEP) is a 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.

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