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Research analysts at Macquarie lifted their price objective on shares of American Electric Power Company (NYSE:AEP) from $50.00 to $52.00 in a report released on Monday, AmericanBankingNews.com reports. Macquarie’s target price suggests a potential downside of 1.57% from the company’s current price.

American Electric Power Company (NYSE:AEP) traded down 1.93% on Monday, hitting $52.83. The stock had a trading volume of 3,822,881 shares. American Electric Power Company has a one year low of $41.83 and a one year high of $54.64. The stock has a 50-day moving average of $51.11 and a 200-day moving average of $48.34. The company has a market cap of $25.785 billion and a P/E ratio of 15.66.

American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.27. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. On average, analysts predict that American Electric Power Company will post $3.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, May 7th.

A number of other analysts have also recently weighed in on AEP. Analysts at Barclays raised their price target on shares of American Electric Power Company from $52.00 to $58.00 in a research note on Monday, April 28th. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of American Electric Power Company from $49.00 to $52.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of American Electric Power Company from $51.00 to $59.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. American Electric Power Company currently has a consensus rating of “Buy” and an average target price of $53.53.

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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