American Electric Power Company, Inc. (NASDAQ: AEP – Get Rating) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $ 101.98.
AEP has been the subject of several research reports. Wells Fargo & Company raised shares of American Electric Power from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $ 93.00 to $ 101.00 in a research note on Monday, February 28th. Royal Bank of Canada raised their price target on shares of American Electric Power from $ 101.00 to $ 106.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. StockNews.com initiated coverage on shares of American Electric Power in a research note on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group initiated coverage on shares of American Electric Power in a research note on Monday, April 25th. They set an “outperform” rating and a $ 113.00 price target for the company. Finally, Seaport Res Ptn cut shares of American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, March 14th.
In other American Electric Power news, EVP David Matthew Feinberg sold 2,699 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $ 100.85, for a total transaction of $ 272,194.15. Following the completion of the sale, the executive vice president now directly owns 16,302 shares in the company, valued at $ 1,644,056.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Zebula sold 1,902 shares of the company stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $ 99.05, for a total value of $ 188,393.10. Following the completion of the transaction, the executive vice president now directly owns 18,134 shares in the company, valued at approximately $ 1,796,172.70. The disclosure for this sale can be found here. Insiders have sold a total of 23,995 shares of company stock valued at $ 2,412,657 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of American Electric Power by 5.4% during the first quarter. Vanguard Group Inc. now owns 45,377,335 shares of the company stock worth $ 4,527,297,000 after buying an additional 2,305,001 shares in the last quarter. BlackRock Inc. boosted its position in shares of American Electric Power by 4.8% during the 4th quarter. BlackRock Inc. now owns 41,461,321 shares of the company stock worth $ 3,688,814,000 after acquiring an additional 1,910,807 shares in the last quarter. State Street Corp increased its stake in American Electric Power by 8.8% in the first quarter. State Street Corp now owns 27,777,603 shares of the company stock valued at $ 2,771,371,000 after acquiring an additional 2,256,671 shares during the last quarter. Wellington Management Group LLP raised its position in American Electric Power by 3.5% during the first quarter. Wellington Management Group LLP now owns 19,000,571 shares of the company stock valued at $ 1,895,687,000 after purchasing an additional 644,386 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in American Electric Power by 3.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,757,841 shares of the company stock worth $ 1,073,309,000 after purchasing an additional 386,399 shares during the last quarter. 73.26% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ AEP opened at $ 94.98 on Friday. The business has a 50 day simple moving average of $ 98.52 and a 200 day simple moving average of $ 94.55. American Electric Power has a 52-week low of $ 80.22 and a 52-week high of $ 104.81. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.61. The stock has a market cap of $ 48.78 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 3.03 and a beta of 0.34.
American Electric Power (NASDAQ: AEP – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $ 1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.19 by $ 0.03. American Electric Power had a return on equity of 10.65% and a net margin of 15.34%. The business had revenue of $ 4.60 billion during the quarter, compared to analysts’ expectations of $ 4.37 billion. During the same period in the prior year, the business earned $ 1.15 EPS. American Electric Power’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that American Electric Power will post 4.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th were given a $ 0.78 dividend. The ex-dividend date of this dividend was Monday, May 9th. This represents a $ 3.12 dividend on an annualized basis and a dividend yield of 3.28%. American Electric Power’s payout ratio is 59.66%.
American Electric Power Company Profile: (Get Rating)
American 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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