American Electric Power Company, Inc. (NYSE:AEP) had its price objective upped by investment analysts at J P Morgan Chase & Co to $75.00 in a research note issued on Thursday. The firm presently has a “neutral” rating on the utilities provider’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 2.52% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. BidaskClub lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) lowered American Electric Power from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $68.00 to $70.00 in a research note on Monday, June 26th. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price objective on shares of American Electric Power in a research note on Wednesday, July 19th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.10.

American Electric Power (NYSE AEP) traded down 0.25% during mid-day trading on Thursday, hitting $73.16. The stock had a trading volume of 1,943,775 shares. The firm’s 50-day moving average is $72.37 and its 200 day moving average is $70.40. The company has a market cap of $35.98 billion, a price-to-earnings ratio of 62.96 and a beta of 0.28. American Electric Power has a 12 month low of $57.89 and a 12 month high of $74.59.

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

TRADEMARK VIOLATION NOTICE: “American Electric Power Company, Inc. (AEP) PT Raised to $75.00 at J P Morgan Chase & Co” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/14/american-electric-power-company-inc-aep-pt-raised-to-75-00-at-j-p-morgan-chase-co.html.

Hedge funds have recently modified their holdings of the business. Brookfield Asset Management Inc. bought a new stake in American Electric Power during the first quarter worth about $56,864,000. Homrich & Berg lifted its stake in American Electric Power by 2.0% during the second quarter. Homrich & Berg now owns 16,034 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 321 shares during the last quarter. Captrust Financial Advisors bought a new stake in American Electric Power during the second quarter worth about $630,000. Neuberger Berman Group LLC lifted its stake in American Electric Power by 5.5% during the second quarter. Neuberger Berman Group LLC now owns 724,256 shares of the utilities provider’s stock worth $50,314,000 after purchasing an additional 37,578 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its stake in American Electric Power by 18.9% during the second quarter. Regal Investment Advisors LLC now owns 29,681 shares of the utilities provider’s stock worth $2,062,000 after purchasing an additional 4,715 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for American Electric Power Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.