Several brokerages have updated their recommendations and price targets on shares of American Electric Power (NYSE: AEP) in the last few weeks:

  • 7/12/2017 – American Electric Power was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – American Electric Power was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “The huge investment that American Electric plans to make,may weigh on its finances, going ahead. Although the company aims to gradually reduce its dependence on coal, it will remain mostly a coal-fired power generator for many years to come. Also, American Electric operates in the spot market that faces the risk of volatile market prices, which in turn could affect its margins and revenues. Further, it incurs huge costs in the event of failure to meet the appropriate environmental regulations. Nevertheless, American Electric continues to focus on augmenting its earnings base has directed its capital expenditure toward regulated businesses.”
  • 7/10/2017 – American Electric Power had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 6/26/2017 – American Electric Power was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $70.00 price target on the stock, up previously from $68.00.
  • 6/24/2017 – American Electric Power was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/13/2017 – American Electric Power was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

American Electric Power Company, Inc. (AEP) traded up 0.56% during mid-day trading on Monday, hitting $68.55. The stock had a trading volume of 2,885,095 shares. The stock has a market cap of $33.71 billion, a P/E ratio of 48.07 and a beta of 0.30. The firm has a 50-day moving average of $70.83 and a 200-day moving average of $66.67. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $72.97.

American Electric Power (NYSE:AEP) last issued its 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 firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.85 billion. American Electric Power had a return on equity of 10.78% and a net margin of 4.31%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

In related news, insider Paul Chodak III sold 1,110 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.

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.

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