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American Electric Power Company (NYSE:AEP) has earned a “BBB+” credit rating from Morningstar. The credit rating agency’s “BBB+” rating suggests that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.

AEP has been the subject of a number of other recent research reports. Analysts at Morgan Stanley downgraded shares of American Electric Power Company from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 4th. They now have a $52.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $54.13.

Shares of American Electric Power Company (NYSE:AEP) opened at 53.70 on Tuesday. 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 $52.5 and its 200-day moving average is $52.04. The company has a market cap of $26.242 billion and a price-to-earnings ratio of 15.04.

American Electric Power Company (NYSE:AEP) last announced its earnings results on Friday, July 25th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that American Electric Power Company will post $3.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders 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 3.72%. The ex-dividend date 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.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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