Share on StockTwits

American Electric Power Company (NYSE:AEP) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Monday. They currently have a $52.00 target price on the stock. Morgan Stanley’s price target suggests a potential downside of 0.59% from the company’s current price. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of American Electric Power Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock, up previously from $52.00. Separately, analysts at RBC Capital raised their price target on shares of American Electric Power Company from $53.00 to $54.00 in a research note on Monday, July 28th. Finally, analysts at Jefferies Group cut their price target on shares of American Electric Power Company from $56.00 to $54.00 in a research note on Monday, July 28th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $55.04.

American Electric Power Company (NYSE:AEP) traded down 3.04% during mid-day trading on Monday, hitting $50.72. The stock had a trading volume of 2,948,211 shares. American Electric Power Company has a 52-week low of $41.83 and a 52-week high of $55.94. The stock’s 50-day moving average is $54.07 and its 200-day moving average is $51.48. The company has a market cap of $24.785 billion and a P/E ratio of 14.75.

American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.05. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that American Electric Power Company will post $3.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, August 6th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.