American Electric Power Company Inc (NYSE:AEP) – Stock analysts at KeyCorp issued their Q1 2017 EPS estimates for shares of American Electric Power Company in a research note issued on Tuesday. KeyCorp analyst P. Ridzon expects that the utilities provider will earn $0.93 per share for the quarter.

American Electric Power Company (NYSE:AEP) last released its quarterly earnings results on Thursday, January 26th. The utilities provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. The business earned $3.80 billion during the quarter, compared to analyst estimates of $3.90 billion. American Electric Power Company had a net margin of 3.74% and a return on equity of 10.87%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS.

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Earnings History and Estimates for American Electric Power Company (NYSE:AEP)

Several other equities research analysts also recently issued reports on AEP. Jefferies Group LLC raised their price target on American Electric Power Company from $65.00 to $68.00 and gave the company a “hold” rating in a report on Tuesday, March 14th. Barclays PLC reaffirmed a “buy” rating and set a $71.00 price target on shares of American Electric Power Company in a report on Monday, February 20th. Deutsche Bank AG raised their price target on American Electric Power Company from $70.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Royal Bank of Canada set a $66.00 price target on American Electric Power Company and gave the company a “hold” rating in a report on Wednesday, January 4th. Finally, Guggenheim downgraded American Electric Power Company from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. American Electric Power Company currently has an average rating of “Buy” and a consensus target price of $70.90.

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Shares of American Electric Power Company (NYSE:AEP) opened at 67.74 on Thursday. The firm has a market capitalization of $33.31 billion, a price-to-earnings ratio of 54.50 and a beta of 0.23. American Electric Power Company has a 12-month low of $57.89 and a 12-month high of $71.32. The company’s 50-day moving average is $66.91 and its 200-day moving average is $63.59.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of American Electric Power Company by 0.3% in the fourth quarter. State Street Corp now owns 24,907,648 shares of the utilities provider’s stock worth $1,568,194,000 after buying an additional 81,305 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of American Electric Power Company by 22.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,714,397 shares of the utilities provider’s stock worth $559,551,000 after buying an additional 1,606,332 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of American Electric Power Company by 1.9% in the fourth quarter. AQR Capital Management LLC now owns 6,620,571 shares of the utilities provider’s stock worth $416,831,000 after buying an additional 125,055 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of American Electric Power Company by 9.7% in the third quarter. Wells Fargo & Company MN now owns 5,564,898 shares of the utilities provider’s stock worth $357,323,000 after buying an additional 491,912 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of American Electric Power Company by 0.8% in the third quarter. Northern Trust Corp now owns 5,557,181 shares of the utilities provider’s stock worth $356,827,000 after buying an additional 45,753 shares during the last quarter. Institutional investors own 68.13% of the company’s stock.

In other American Electric Power Company news, insider Lisa M. Barton sold 1,314 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $65.90, for a total transaction of $86,592.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

About American Electric Power Company

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 service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

5 Day Chart for NYSE:AEP

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