American Electric Power Co. (NYSE:AEP) shares 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 changing hands. The stock had previously closed at $70.28.

A number of research analysts recently weighed in on the company. Morgan Stanley reissued a “hold” rating on shares of American Electric Power in a research note on Wednesday, June 15th. KeyCorp reissued an “outperform” rating and issued a $72.50 price objective (up from $69.00) on shares of American Electric Power in a research note on Saturday, July 2nd. Jefferies Group reissued a “buy” rating on shares of American Electric Power in a research note on Saturday, April 30th. Deutsche Bank AG reissued a “buy” rating and issued a $68.00 price objective on shares of American Electric Power in a research note on Tuesday, April 19th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of American Electric Power in a 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 assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $65.25.

The company has a market cap of $34.74 billion and a price-to-earnings ratio of 18.14. The company’s 50 day moving average is $66.79 and its 200 day moving average is $63.67.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.02. During the same quarter in the previous year, the firm earned $1.28 EPS. The company earned $4 billion during the quarter, compared to analyst estimates of $4.49 billion. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. On average, equities research analysts forecast that American Electric Power Co. will post $3.67 earnings per share for the current year.

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

In related news, COO Robert P. Powers sold 1,046 shares of the company’s stock in a transaction dated 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 SEC, which is available at this hyperlink. Also, EVP Mark C. Mccullough bought 4,425 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average price of $64.33 per share, for a total transaction of $284,660.25. The disclosure for this purchase can be found here.

A number of hedge funds have added to or reduced their stakes in AEP. Azimuth Capital Management LLC raised its stake 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 in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake 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 in the last quarter. Chicago Equity Partners LLC raised its stake 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 in the last quarter. Amica Pension Fund Board of Trustees acquired a new stake in American Electric Power during the fourth quarter valued at about $1,241,000. Finally, ARGI Investment Services LLC raised its stake 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 in the last quarter.

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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