American Electric Power (NYSE:AEP) had its price objective lowered by Morgan Stanley from $80.00 to $78.00 in a report issued on Friday. The brokerage currently has a buy rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of American Electric Power from a sell rating to a hold rating and set a $79.00 target price for the company in a research report on Thursday, July 12th. Barclays assumed coverage on shares of American Electric Power in a research report on Tuesday, July 10th. They issued an overweight rating and a $81.00 target price for the company. Goldman Sachs Group raised shares of American Electric Power from a neutral rating to a buy rating and dropped their target price for the stock from $76.00 to $74.00 in a research report on Thursday, July 19th. Argus dropped their target price on shares of American Electric Power from $84.00 to $79.00 and set a buy rating for the company in a research report on Thursday, May 24th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $80.00 target price on shares of American Electric Power in a research report on Wednesday, July 25th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $75.66.

NYSE:AEP opened at $71.40 on Friday. American Electric Power has a 12 month low of $62.71 and a 12 month high of $78.07. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.50 and a quick ratio of 0.40. The stock has a market capitalization of $35.20 billion, a PE ratio of 18.21, a P/E/G ratio of 3.28 and a beta of 0.09.

American Electric Power (NYSE:AEP) last posted its earnings results on Wednesday, July 25th. The utilities provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.13. American Electric Power had a net margin of 12.09% and a return on equity of 10.50%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the company posted $0.75 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. research analysts forecast that American Electric Power will post 3.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Friday, August 10th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, August 9th. American Electric Power’s payout ratio is 67.39%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA purchased a new position in shares of American Electric Power in the second quarter worth approximately $118,000. Valeo Financial Advisors LLC boosted its holdings in shares of American Electric Power by 59.4% in the second quarter. Valeo Financial Advisors LLC now owns 2,145 shares of the utilities provider’s stock worth $152,000 after buying an additional 799 shares during the last quarter. Bristol John W & Co. Inc. NY purchased a new position in shares of American Electric Power in the first quarter worth approximately $168,000. Adviser Investments LLC boosted its holdings in shares of American Electric Power by 149.7% in the second quarter. Adviser Investments LLC now owns 2,987 shares of the utilities provider’s stock worth $207,000 after buying an additional 1,791 shares during the last quarter. Finally, Huber Financial Advisors LLC purchased a new position in shares of American Electric Power in the second quarter worth approximately $216,000. 72.47% of the stock is currently owned by institutional investors.

About American Electric Power

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Analyst Recommendations for American Electric Power (NYSE:AEP)

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