American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) has been assigned an average rating of "Hold" from the thirteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $105.77.
A number of equities research analysts have recently weighed in on AEP shares. Barclays lifted their target price on American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Guggenheim increased their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. BMO Capital Markets lifted their price target on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Morgan Stanley set a $114.00 price target on American Electric Power and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Finally, Citigroup lifted their price objective on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th.
Get Our Latest Report on AEP
American Electric Power Stock Performance
AEP stock traded down $1.43 during midday trading on Friday, reaching $99.56. 4,603,490 shares of the company were exchanged, compared to its average volume of 3,172,519. American Electric Power has a one year low of $85.93 and a one year high of $110.48. The firm has a market capitalization of $53.18 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The business has a 50-day moving average price of $105.61 and a two-hundred day moving average price of $100.28. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.
American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. American Electric Power's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. Equities research analysts forecast that American Electric Power will post 5.87 EPS for the current year.
American Electric Power Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's payout ratio is 71.68%.
Hedge Funds Weigh In On American Electric Power
Hedge funds have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of American Electric Power in the 4th quarter valued at about $25,000. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the first quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in American Electric Power in the fourth quarter valued at approximately $28,000. Bank of New Hampshire acquired a new stake in American Electric Power during the 1st quarter valued at approximately $28,000. Finally, Fairway Wealth LLC bought a new position in American Electric Power during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 75.24% of the company's stock.
American Electric Power Company Profile
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Get Free ReportAmerican Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.
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