Shares of American Electric Power Co. (NYSE:AEP) traded down 0.2% on Friday . The company traded as low as $69.45 and last traded at $70.12, with a volume of 1,158,635 shares traded. The stock had previously closed at $70.28.

A number of analysts have weighed in on the company. Morgan Stanley reaffirmed a “hold” rating on shares of American Electric Power in a research report on Wednesday, June 15th. KeyCorp reaffirmed an “outperform” rating and set a $72.50 price objective (up from $69.00) on shares of American Electric Power in a research report on Saturday, July 2nd. Jefferies Group reaffirmed a “buy” rating on shares of American Electric Power in a research report on Saturday, April 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $68.00 price objective on shares of American Electric Power in a research report on Tuesday, April 19th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of American Electric Power in a research report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. American Electric Power has an average rating of “Buy” and an average price target of $65.25.

The stock has a 50-day moving average of $66.58 and a 200 day moving average of $63.56. The stock has a market capitalization of $34.74 billion and a PE ratio of 18.14.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, April 28th. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by $0.02. During the same period in the previous year, the business earned $1.28 earnings per share. The firm earned $4 billion during the quarter, compared to the consensus estimate of $4.49 billion. The company’s revenue was down 13.0% on a year-over-year basis. Equities analysts predict that American Electric Power Co. will post $3.67 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Friday, May 6th.

In other news, COO Robert P. Powers sold 1,046 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $65.39, for a total transaction of $68,397.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark C. Mccullough bought 4,425 shares of the stock in a transaction dated Thursday, May 26th. The shares were bought at an average cost of $64.33 per share, with a total value of $284,660.25. The disclosure for this purchase can be found here.

Several institutional investors recently bought and sold shares of AEP. Azimuth Capital Management LLC raised its position in American Electric Power by 7.5% in the fourth quarter. Azimuth Capital Management LLC now owns 17,244 shares of the company’s stock valued at $1,005,000 after buying an additional 1,200 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in American Electric Power by 88.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 17,900 shares of the company’s stock valued at $1,043,000 after buying an additional 8,400 shares during the period. Chicago Equity Partners LLC raised its position in American Electric Power by 0.9% in the fourth quarter. Chicago Equity Partners LLC now owns 20,170 shares of the company’s stock valued at $1,175,000 after buying an additional 180 shares during the period. Amica Pension Fund Board of Trustees bought a new position in American Electric Power during the fourth quarter valued at approximately $1,241,000. Finally, ARGI Investment Services LLC raised its position in American Electric Power by 3.8% in the fourth quarter. ARGI Investment Services LLC now owns 22,037 shares of the company’s stock valued at $1,284,000 after buying an additional 803 shares during the period.

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.

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