American Electric Power Company, Inc. (NYSE:AEP)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued on Monday. They presently have a $74.00 price objective on the utilities provider’s stock. Royal Bank Of Canada’s target price indicates a potential downside of 0.23% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. KeyCorp reiterated a “buy” rating and set a $73.00 target price on shares of American Electric Power in a research note on Friday, September 1st. BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Bank of America Corporation initiated coverage on American Electric Power in a research note on Tuesday, October 24th. They set a “buy” rating and a $79.00 price objective on the stock. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. American Electric Power currently has a consensus rating of “Hold” and an average price target of $73.91.

Shares of American Electric Power (NYSE AEP) traded up 0.20% during mid-day trading on Monday, hitting $74.17. 1,541,411 shares of the stock traded hands. American Electric Power has a one year low of $57.89 and a one year high of $74.90. The stock has a 50-day moving average of $72.41 and a 200 day moving average of $70.92. The stock has a market cap of $36.48 billion, a PE ratio of 63.83 and a beta of 0.28.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. Equities analysts predict that American Electric Power will post $3.63 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of AEP. Rench Wealth Management Inc. lifted its stake in American Electric Power by 4.3% in the first quarter. Rench Wealth Management Inc. now owns 33,311 shares of the utilities provider’s stock valued at $2,236,000 after buying an additional 1,370 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in American Electric Power by 6.4% in the first quarter. Citizens Financial Group Inc. RI now owns 5,070 shares of the utilities provider’s stock valued at $340,000 after buying an additional 307 shares during the last quarter. Homrich & Berg lifted its stake in American Electric Power by 5.3% in the first quarter. Homrich & Berg now owns 15,713 shares of the utilities provider’s stock valued at $1,055,000 after buying an additional 796 shares during the last quarter. Teachers Advisors LLC lifted its stake in American Electric Power by 3.8% in the first quarter. Teachers Advisors LLC now owns 1,302,854 shares of the utilities provider’s stock valued at $87,461,000 after buying an additional 47,213 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in American Electric Power by 10.7% in the first quarter. TIAA CREF Investment Management LLC now owns 3,490,060 shares of the utilities provider’s stock valued at $234,288,000 after buying an additional 336,108 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

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.

Analyst Recommendations for American Electric Power (NYSE:AEP)

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