American Electric Power Company Inc (NYSE:AEP) Receives Average Recommendation of “Hold” from Analysts

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.

A number of large investors have recently made changes to their positions in AEP. Bessemer Group Inc. grew its position in shares of American Electric Power by 14.3% in the 4th quarter. Bessemer Group Inc. now owns 5,206 shares of the utilities provider’s stock worth $390,000 after buying an additional 651 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of American Electric Power by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 954,396 shares of the utilities provider’s stock worth $71,331,000 after buying an additional 58,389 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of American Electric Power by 17.2% in the 4th quarter. Natixis Advisors L.P. now owns 43,823 shares of the utilities provider’s stock worth $3,275,000 after buying an additional 6,430 shares during the last quarter. Brown Advisory Inc. grew its position in shares of American Electric Power by 10.8% in the 4th quarter. Brown Advisory Inc. now owns 10,220 shares of the utilities provider’s stock worth $763,000 after buying an additional 993 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of American Electric Power by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 5,942,257 shares of the utilities provider’s stock worth $443,292,000 after buying an additional 438,632 shares during the last quarter. Hedge funds and other institutional investors own 73.58% 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.

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Analyst Recommendations for American Electric Power (NYSE:AEP)

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