Shares of American Electric Power Company Inc (NYSE:AEP) have been assigned a consensus rating of “Buy” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $77.62.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of American Electric Power from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Thursday, January 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $78.00 price objective on shares of American Electric Power and gave the company a “hold” rating in a research note on Friday, January 25th. Finally, Guggenheim lowered shares of American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call.
NYSE AEP traded up $0.30 during trading on Wednesday, hitting $82.86. The company had a trading volume of 160,271 shares, compared to its average volume of 2,788,192. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $40.72 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.68 and a beta of 0.17. American Electric Power has a one year low of $62.71 and a one year high of $84.27.
American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.97 billion. American Electric Power had a net margin of 11.91% and a return on equity of 10.32%. American Electric Power’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. On average, sell-side analysts predict that American Electric Power will post 4.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 8th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, February 7th. American Electric Power’s payout ratio is presently 67.85%.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Financial Planning LLC bought a new stake in American Electric Power during the 4th quarter worth approximately $26,000. Athena Capital Advisors LLC bought a new stake in American Electric Power during the 4th quarter worth approximately $27,000. Claybrook Capital LLC bought a new stake in American Electric Power during the 4th quarter worth approximately $27,000. Orrstown Financial Services Inc. bought a new stake in American Electric Power during the 4th quarter worth approximately $28,000. Finally, Arlington Partners LLC bought a new stake in American Electric Power during the 4th quarter worth approximately $30,000. 73.39% of the stock is currently owned by institutional investors.
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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