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

Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. KeyCorp reiterated a “buy” rating and issued a $73.00 price target on shares of American Electric Power in a research report on Friday, September 1st. BidaskClub upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and upped their price target for the company from $68.00 to $70.00 in a research report on Monday, June 26th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price target (up previously from $73.00) on shares of American Electric Power in a research report on Friday, July 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. American Electric Power presently has a consensus rating of “Buy” and a consensus target price of $72.21.

American Electric Power (NYSE:AEP) opened at 74.19 on Friday. The firm has a 50 day moving average of $71.92 and a 200-day moving average of $69.39. American Electric Power has a 12-month low of $57.89 and a 12-month high of $74.37. The stock has a market cap of $36.49 billion, a PE ratio of 63.85 and a beta of 0.29.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.07. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, analysts expect that American Electric Power will post $3.65 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. purchased a new position in American Electric Power during the 2nd quarter worth $465,000. Griffin Asset Management Inc. purchased a new position in American Electric Power during the 2nd quarter worth $2,431,000. Brookfield Asset Management Inc. raised its position in American Electric Power by 68.1% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,423,580 shares of the utilities provider’s stock worth $98,896,000 after buying an additional 576,500 shares during the last quarter. Sentry Investment Management LLC raised its position in American Electric Power by 44.0% during the 2nd quarter. Sentry Investment Management LLC now owns 38,858 shares of the utilities provider’s stock worth $2,699,000 after buying an additional 11,877 shares during the last quarter. Finally, WFG Advisors LP raised its position in American Electric Power by 36.3% during the 2nd quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock worth $142,000 after buying an additional 543 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

American Electric Power 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 (NYSE:AEP)

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