American Electric Power (NYSE:AEP) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other analysts also recently weighed in on AEP. Jefferies Group reissued a “hold” rating and issued a $73.00 target price on shares of American Electric Power in a report on Tuesday, October 3rd. Bank of America assumed coverage on American Electric Power in a report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 target price for the company. Deutsche Bank downgraded American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. JPMorgan Chase & Co. boosted their target price on American Electric Power to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and reduced their target price for the company from $74.00 to $73.00 in a report on Friday, September 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $74.82.

Shares of American Electric Power (AEP) opened at $73.24 on Tuesday. American Electric Power has a fifty-two week low of $61.82 and a fifty-two week high of $78.07. 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 firm has a market capitalization of $36,227.36, a PE ratio of 19.17, a PEG ratio of 4.29 and a beta of 0.30.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. analysts anticipate that American Electric Power will post 3.61 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. raised its stake in American Electric Power by 188.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 3,486 shares during the last quarter. Homrich & Berg increased its position in American Electric Power by 2.0% during the 2nd quarter. Homrich & Berg now owns 16,034 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 321 shares during the period. Captrust Financial Advisors acquired a new position in American Electric Power during the 2nd quarter worth approximately $630,000. Neuberger Berman Group LLC increased its position in American Electric Power by 5.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 724,256 shares of the utilities provider’s stock worth $50,314,000 after purchasing an additional 37,578 shares during the period. Finally, Raymond James Trust N.A. increased its position in American Electric Power by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock worth $1,820,000 after purchasing an additional 861 shares during the period. 71.04% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for American Electric Power (NYSE:AEP)

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