American Electric Power (AEP) Receives Consensus Rating of “Buy” from Brokerages

American Electric Power (NYSE:AEP) has received an average recommendation of “Buy” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $74.00.

Several equities analysts have recently issued reports on AEP shares. ValuEngine downgraded shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Guggenheim downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. SunTrust Banks restated a “buy” rating and set a $78.00 price objective on shares of American Electric Power in a report on Tuesday, January 9th. Finally, Mizuho upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Wednesday, January 17th.

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A number of large investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in American Electric Power by 7.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 160,118 shares of the utilities provider’s stock worth $11,780,000 after buying an additional 10,775 shares during the period. Xact Kapitalforvaltning AB increased its holdings in American Electric Power by 14.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 46,147 shares of the utilities provider’s stock worth $3,395,000 after buying an additional 5,824 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in American Electric Power by 182.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 4,655 shares of the utilities provider’s stock worth $532,000 after buying an additional 3,007 shares during the period. Envestnet Asset Management Inc. increased its holdings in American Electric Power by 7.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 111,313 shares of the utilities provider’s stock worth $8,188,000 after buying an additional 7,320 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in American Electric Power by 5.5% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 228,487 shares of the utilities provider’s stock worth $16,810,000 after buying an additional 11,886 shares during the period. Institutional investors own 71.70% of the company’s stock.

AEP stock opened at $68.46 on Friday. American Electric Power has a one year low of $63.32 and a one year high of $78.07. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 1.06. The stock has a market cap of $33,712.22, a price-to-earnings ratio of 18.60, a PEG ratio of 3.28 and a beta of 0.17.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.04. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. analysts predict that American Electric Power will post 3.88 earnings per share for the current year.

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About American Electric Power

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.

Analyst Recommendations for American Electric Power (NYSE:AEP)

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