The American Electric Power Company, Inc. (AEP) Receives Average Rating of “Hold” from Brokerages, Report finds

The American Electric Power Company, Inc. (AEP) Receives Average Rating of “Hold” from Brokerages, Report finds

Several analysts recently issued reports on the company. Jefferies Group LLC raised their price target on American Electric Power Company from $62.00 to $65.00 and gave the stock a “hold” rating in a report on Friday, January 27th. Wells Fargo & Company raised American Electric Power Company from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 10th. They noted that the move was a valuation call. Guggenheim downgraded American Electric Power Company from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. RBC Capital Markets set a $66.00 price target on American Electric Power Company and gave the stock a “hold” rating in a report on Wednesday, January 4th. Finally, Evercore ISI downgraded American Electric Power Company from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd.

Shares of American Electric Power Company, Inc. (NYSE:AEP) have received a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm. Nine research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $69.94.

Institutional investors have recently modified their holdings of the company. Smithfield Trust Co. boosted its position in shares of American Electric Power Company by 14.8% in the third quarter. Smithfield Trust Co. now owns 1,552 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of American Electric Power Company by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,447 shares of the company’s stock worth $101,000 after buying an additional 12 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of American Electric Power Company by 0.3% in the third quarter. Chicago Partners Investment Group LLC now owns 1,588 shares of the company’s stock worth $102,000 after buying an additional 5 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of American Electric Power Company during the third quarter worth about $110,000. Finally, Thompson Davis & CO. Inc. boosted its position in shares of American Electric Power Company by 0.3% in the third quarter. Thompson Davis & CO. Inc. now owns 1,728 shares of the company’s stock worth $111,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 68.13% of the company’s stock.

Shares of American Electric Power Company (NYSE:AEP) opened at 63.95 on Wednesday. The firm has a 50-day moving average price of $63.17 and a 200 day moving average price of $63.59. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of 51.49 and a beta of 0.23. American Electric Power Company has a 12-month low of $57.89 and a 12-month high of $71.32.

American Electric Power Company (NYSE:AEP) last announced its quarterly earnings results on Thursday, January 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.12. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.90 billion. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. On average, equities research analysts anticipate that American Electric Power Company will post $3.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, February 8th. American Electric Power Company’s payout ratio is 190.32%.

American Electric Power Company 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 Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

Related posts

Leave a Comment