Shares of American Electric Power Company Inc (NYSE:AEP) have been given a consensus recommendation of “Hold” by the seventeen analysts that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $84.71.
Several research analysts recently weighed in on the company. UBS Group reissued a “buy” rating on shares of Linde in a research report on Friday, July 12th. Wolfe Research set a $205.00 target price on Raytheon and gave the stock a “buy” rating in a research report on Friday, April 26th. KeyCorp started coverage on Southern in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Wells Fargo & Co set a $95.00 target price on Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Morgan Stanley set a $18.00 target price on PG&E and gave the stock a “hold” rating in a research report on Friday, June 14th.
In other news, CEO Nicholas K. Akins sold 11,152 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $84.94, for a total transaction of $947,250.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Matthew Feinberg sold 4,535 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.72, for a total value of $388,740.20. Following the transaction, the executive vice president now directly owns 9,674 shares in the company, valued at approximately $829,255.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,637 shares of company stock worth $2,112,145. Insiders own 0.16% of the company’s stock.
NYSE:AEP traded down $1.48 during trading hours on Tuesday, hitting $90.28. 1,693,305 shares of the company’s stock traded hands, compared to its average volume of 2,024,329. The stock has a market cap of $44.53 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 3.85 and a beta of 0.16. American Electric Power has a twelve month low of $68.13 and a twelve month high of $91.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.37 and a current ratio of 0.49. The stock has a fifty day moving average price of $89.58.
American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.09. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.23 billion. American Electric Power had a return on equity of 10.81% and a net margin of 12.64%. American Electric Power’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. As a group, research analysts predict that American Electric Power will post 4.14 EPS for the current year.
American Electric Power Company Profile
American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
Further Reading: Death Cross
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.