American Electric Power (NYSE: AEP) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2017 – American Electric Power had its price target raised by analysts at Morgan Stanley from $71.00 to $73.00. They now have an “equal weight” rating on the stock.
  • 8/2/2017 – American Electric Power had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $71.00 price target on the stock.
  • 7/31/2017 – American Electric Power was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/28/2017 – American Electric Power had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $75.00 price target on the stock, up previously from $73.00.
  • 7/27/2017 – American Electric Power was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “American Electric continues to focus on augmenting its earnings base has directed its capital expenditure toward regulated businesses. Notably, it has a stable earnings base of approximately 5.4 million customers spread over 11 states. Furthermore, the company’s geographically-diversified operations allow it to avail transmission opportunities with better returns, compared with its single-state utility peers However, the huge investment that American Electric plans to make, may weigh on its finances, going ahead. Also, the company operates in the spot market that faces the risk of volatile market prices, which in turn could affect its margins and revenues. Further, it incurs huge costs in the event of failure to meet the appropriate environmental regulations.”
  • 7/19/2017 – American Electric Power had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $70.00 price target on the stock.
  • 7/12/2017 – American Electric Power was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – American Electric Power was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “The huge investment that American Electric plans to make,may weigh on its finances, going ahead. Although the company aims to gradually reduce its dependence on coal, it will remain mostly a coal-fired power generator for many years to come. Also, American Electric operates in the spot market that faces the risk of volatile market prices, which in turn could affect its margins and revenues. Further, it incurs huge costs in the event of failure to meet the appropriate environmental regulations. Nevertheless, American Electric continues to focus on augmenting its earnings base has directed its capital expenditure toward regulated businesses.”
  • 7/10/2017 – American Electric Power had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 6/26/2017 – American Electric Power was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $70.00 price target on the stock, up previously from $68.00.
  • 6/24/2017 – American Electric Power was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/13/2017 – American Electric Power was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of American Electric Power Company, Inc. (NYSE:AEP) traded up 0.56% during midday trading on Thursday, hitting $71.36. 2,053,450 shares of the company’s stock were exchanged. The firm has a market cap of $35.10 billion, a price-to-earnings ratio of 61.41 and a beta of 0.30. The company has a 50-day moving average of $69.93 and a 200-day moving average of $68.01. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $72.97.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.07. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the company earned $0.95 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, August 8th. American Electric Power’s dividend payout ratio is 203.45%.

In other news, insider Paul Chodak III sold 1,110 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by corporate insiders.

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 service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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