A number of research firms have changed their ratings and price targets for American Electric Power (NYSE: AEP):

  • 9/20/2016 – American Electric Power was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating. They now have a $67.00 price target on the stock, down previously from $77.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/14/2016 – American Electric Power was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “An earnings base of approximately 5.4 million customers offers stability to American Electric’s revenue stream and insulates it from lower sales in any particular service area.  Moreover, the company’s focus on augmenting its earnings has led to its capital expenditure being directed toward regulated businesses. American Electrics also boasts a strong liquidity position worth $3.5 billion as of Jun 30, 2016. Additionally, focus on expansion of transmission, curtailment of unregulated generation costs and efficient capital allocation will allow the company to attain its 4–6% long-term EPS growth target. On the flip side, uncertain ruling from regulatory proceedings and fluctuating commodity prices are potential setbacks; going forward.”
  • 9/13/2016 – American Electric Power was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “An earnings base of approximately 5.4 million customers offers stability to American Electric’s revenue stream and insulates it from lower sales in any particular service area.  Moreover, the company’s focus on augmenting its earnings has led to its capital expenditure being directed toward regulated businesses. American Electrics also boasts a strong liquidity position worth $3.5 billion as of Jun 30, 2016. Additionally, focus on expansion of transmission, curtailment of unregulated generation costs and efficient capital allocation will allow the company to attain its 4–6% long-term EPS growth target. On the flip side, uncertain ruling from regulatory proceedings and fluctuating commodity prices are potential setbacks; going forward.”
  • 9/12/2016 – American Electric Power was given a new $72.50 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 9/8/2016 – American Electric Power had its price target raised by analysts at Citigroup Inc. from $68.00 to $69.00. They now have a “neutral” rating on the stock.
  • 7/29/2016 – American Electric Power was downgraded by analysts at Hilliard Lyons from a “buy” rating to a “hold” rating.
  • 7/29/2016 – American Electric Power had its price target raised by analysts at Barclays PLC from $75.00 to $77.00. They now have an “overweight” rating on the stock.
  • 7/29/2016 – American Electric Power had its price target raised by analysts at Jefferies Group from $75.00 to $77.00. They now have a “buy” rating on the stock.
  • 7/26/2016 – American Electric Power was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating. They now have a $73.00 price target on the stock, up previously from $71.00.

Shares of American Electric Power Co. (NYSE:AEP) traded up 0.31% during trading on Wednesday, reaching $65.21. The company’s stock had a trading volume of 1,100,122 shares. The company has a market capitalization of $32.06 billion, a price-to-earnings ratio of 16.09 and a beta of 0.24. The firm’s 50-day moving average price is $66.05 and its 200-day moving average price is $66.19. American Electric Power Co. has a one year low of $53.30 and a one year high of $71.32.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.01 billion. American Electric Power had a return on equity of 9.54% and a net margin of 12.50%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. On average, equities analysts anticipate that American Electric Power Co. will post $3.69 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.45%. American Electric Power’s payout ratio is 55.17%.

American Electric Power Company, Inc (AEP) is a public 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. The Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

5 Day Chart for NYSE:AEP

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