American Electric Power Company, Inc. (NYSE:AEP)‘s stock had its “equal weight” rating restated by stock analysts at Morgan Stanley in a research note issued on Monday.

Several other research analysts have also recently weighed in on the company. Goldman Sachs Group, Inc. (The) cut American Electric Power Company from a “buy” rating to a “neutral” rating and raised their target price for the company from $68.00 to $70.00 in a research note on Monday, June 26th. BidaskClub cut American Electric Power Company from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC raised their target price on American Electric Power Company from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research cut American Electric Power Company from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $76.00 target price (up previously from $71.00) on shares of American Electric Power Company in a research note on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.30.

Shares of American Electric Power Company (NYSE:AEP) opened at 68.84 on Monday. The firm’s 50 day moving average is $70.83 and its 200 day moving average is $66.67. The stock has a market capitalization of $33.85 billion, a price-to-earnings ratio of 48.27 and a beta of 0.30. American Electric Power Company has a 12 month low of $57.89 and a 12 month high of $72.97.

American Electric Power Company (NYSE:AEP) last issued its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by $0.01. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.85 billion. American Electric Power Company had a net margin of 4.31% and a return on equity of 10.78%. American Electric Power Company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the business posted $1.02 earnings per share. On average, equities analysts predict that American Electric Power Company will post $3.66 earnings per share for the current fiscal year.

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In related news, insider Paul Chodak III sold 1,110 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total value of $75,702.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in American Electric Power Company by 35.2% in the second quarter. Bank of Montreal Can now owns 4,366,510 shares of the utilities provider’s stock worth $303,342,000 after buying an additional 1,137,941 shares during the period. Capital Investment Advisors LLC raised its position in American Electric Power Company by 0.4% in the second quarter. Capital Investment Advisors LLC now owns 13,843 shares of the utilities provider’s stock worth $962,000 after buying an additional 60 shares during the period. Atria Investments LLC raised its position in American Electric Power Company by 21.5% in the second quarter. Atria Investments LLC now owns 4,449 shares of the utilities provider’s stock worth $309,000 after buying an additional 786 shares during the period. City Holding Co. raised its position in American Electric Power Company by 4.2% in the second quarter. City Holding Co. now owns 5,041 shares of the utilities provider’s stock worth $350,000 after buying an additional 203 shares during the period. Finally, Perkins Coie Trust Co bought a new position in American Electric Power Company during the second quarter worth $153,000. Institutional investors and hedge funds own 70.32% of the company’s stock.

American Electric Power Company Company Profile

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.

Analyst Recommendations for American Electric Power Company (NYSE:AEP)

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