American Electric Power Company, Inc. (NYSE:AEP) – KeyCorp issued their Q3 2017 earnings per share estimates for American Electric Power in a research note issued on Wednesday. KeyCorp analyst P. Ridzon expects that the utilities provider will earn $1.08 per share for the quarter. KeyCorp has a “Buy” rating and a $73.00 price target on the stock.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.95 EPS.

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A number of other equities research analysts have also weighed in on the company. Deutsche Bank AG lowered American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. J P Morgan Chase & Co lifted their target price on American Electric Power to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $73.00 target price on shares of American Electric Power in a research report on Tuesday, October 3rd. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $73.00 in a research report on Friday, September 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a research report on Friday, September 8th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $73.10.

Shares of American Electric Power (AEP) opened at 73.98 on Monday. The company has a 50-day moving average price of $72.35 and a 200 day moving average price of $70.59. The stock has a market capitalization of $36.39 billion, a PE ratio of 63.67 and a beta of 0.28. American Electric Power has a 52 week low of $57.89 and a 52 week high of $74.59.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProVise Management Group LLC grew its stake in American Electric Power by 3.8% during the 1st quarter. ProVise Management Group LLC now owns 68,287 shares of the utilities provider’s stock worth $4,584,000 after buying an additional 2,470 shares during the last quarter. Cibc World Markets Corp grew its stake in American Electric Power by 2.3% during the 1st quarter. Cibc World Markets Corp now owns 785,362 shares of the utilities provider’s stock worth $52,721,000 after buying an additional 17,614 shares during the last quarter. SVA Plumb Wealth Management LLC grew its stake in American Electric Power by 8.2% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 40,655 shares of the utilities provider’s stock worth $2,729,000 after buying an additional 3,077 shares during the last quarter. Vaughan David Investments Inc. IL grew its stake in American Electric Power by 1.4% during the 1st quarter. Vaughan David Investments Inc. IL now owns 328,809 shares of the utilities provider’s stock worth $22,073,000 after buying an additional 4,410 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in American Electric Power by 21.3% during the 1st quarter. Neuberger Berman Group LLC now owns 686,678 shares of the utilities provider’s stock worth $46,097,000 after buying an additional 120,454 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

About American Electric Power

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.

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

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