American Electric Power (AEP) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News coverage about American Electric Power (NYSE:AEP) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Electric Power earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.2462222158169 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Inside Indiana Business: St. Joseph County seeks auto plant (nwitimes.com)
- Aspire to Open to Boone County Office (insideindianabusiness.com)
- Finish Line Profit Sinks (insideindianabusiness.com)
- American Electric Power : Cardinal Operating Company to Hold Gypsum Auction Oct. 4 (4-traders.com)
- American Electric Power Co., Inc. breached its 50 day moving average in a Bearish Manner : AEP-US : September 22, 2017 (finance.yahoo.com)
Several analysts have commented on the company. Goldman Sachs Group Inc cut American Electric Power from a “buy” rating to a “neutral” rating and lifted their price target for the company from $68.00 to $70.00 in a report on Monday, June 26th. Royal Bank Of Canada restated a “hold” rating and issued a $71.00 price target on shares of American Electric Power in a report on Wednesday, August 2nd. Morgan Stanley lifted their price target on American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. BidaskClub cut American Electric Power from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $72.27.
Shares of American Electric Power (NYSE:AEP) opened at 71.07 on Tuesday. The stock has a market cap of $34.96 billion, a PE ratio of 61.16 and a beta of 0.29. The stock’s 50 day moving average price is $72.53 and its 200-day moving average price is $69.78. American Electric Power has a one year low of $57.89 and a one year high of $74.59.
American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.07). The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.70 billion. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. During the same period in the prior year, the company posted $0.95 earnings per share. On average, equities analysts predict that American Electric Power will post $3.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.34%. The ex-dividend date was Tuesday, August 8th. American Electric Power’s payout ratio is currently 203.45%.
About American Electric Power
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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