American Electric Power Company, Inc. (NYSE:AEP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.13 and last traded at $74.78, with a volume of 2133700 shares trading hands. The stock had previously closed at $75.49.

AEP has been the subject of several analyst reports. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $74.00 to $73.00 in a research note on Friday, September 22nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a research note on Friday, September 8th. Bank of America Corporation initiated coverage on American Electric Power in a research note on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price objective for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 price objective on shares of American Electric Power in a research note on Wednesday, July 19th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. American Electric Power currently has an average rating of “Hold” and a consensus price target of $73.91.

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43. The stock has a market cap of $37,140.00, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 4.34 and a beta of 0.29.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. sell-side analysts expect that American Electric Power Company, Inc. will post 3.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.32%. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, November 9th. American Electric Power’s dividend payout ratio is presently 64.75%.

Hedge funds and other institutional investors have recently modified their holdings of the company. New England Asset Management Inc. increased its holdings in American Electric Power by 27.3% during the 1st quarter. New England Asset Management Inc. now owns 54,100 shares of the utilities provider’s stock worth $3,632,000 after purchasing an additional 11,590 shares during the period. Gotham Asset Management LLC purchased a new position in American Electric Power during the 1st quarter worth $338,000. Investment Centers of America Inc. increased its holdings in American Electric Power by 4.1% during the 1st quarter. Investment Centers of America Inc. now owns 23,605 shares of the utilities provider’s stock worth $1,582,000 after purchasing an additional 937 shares during the period. National Asset Management Inc. increased its holdings in American Electric Power by 0.4% during the 1st quarter. National Asset Management Inc. now owns 10,971 shares of the utilities provider’s stock worth $738,000 after purchasing an additional 48 shares during the period. Finally, Shelton Capital Management increased its holdings in American Electric Power by 47.4% during the 1st quarter. Shelton Capital Management now owns 58,154 shares of the utilities provider’s stock worth $3,904,000 after purchasing an additional 18,709 shares during the period. Hedge funds and other institutional investors own 71.37% of the company’s stock.

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American Electric Power Company Profile

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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