Shares of American Electric Power Company Inc (NYSE:AEP) have been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $75.36.

Several research firms recently issued reports on AEP. Royal Bank of Canada reiterated a “hold” rating and set a $74.00 target price on shares of American Electric Power in a report on Monday, October 30th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. ValuEngine upgraded American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Guggenheim lowered American Electric Power from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 target price on the stock in a report on Wednesday, December 13th.

A number of hedge funds and other institutional investors have recently made changes to their positions in AEP. Capital Research Global Investors increased its position in American Electric Power by 223.4% during the second quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock worth $702,392,000 after buying an additional 6,983,864 shares during the last quarter. JPMorgan Chase & Co. increased its position in American Electric Power by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 6,696,615 shares of the utilities provider’s stock worth $472,110,000 after buying an additional 2,762,164 shares during the last quarter. Wells Fargo & Company MN increased its position in American Electric Power by 29.1% during the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock worth $704,464,000 after buying an additional 2,260,303 shares during the last quarter. APG Asset Management N.V. increased its position in American Electric Power by 153.2% during the third quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock worth $237,145,000 after buying an additional 2,042,700 shares during the last quarter. Finally, Epoch Investment Partners Inc. acquired a new position in shares of American Electric Power in the second quarter valued at approximately $122,927,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Electric Power (NYSE AEP) opened at $68.73 on Friday. The company has a market capitalization of $33,810.00, a PE ratio of 17.95, a PEG ratio of 3.83 and a beta of 0.30. American Electric Power has a twelve month low of $62.14 and a twelve month high of $78.07. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. sell-side analysts anticipate that American Electric Power will post 3.61 EPS for the current year.

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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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