American Electric Power Company Inc (NYSE:AEP)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $86.10 and last traded at $85.11, with a volume of 1695182 shares changing hands. The stock had previously closed at $85.98.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Monday, March 18th. Morgan Stanley increased their price objective on American Electric Power from $81.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Thursday, January 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded American Electric Power from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $78.00 to $88.00 in a research report on Tuesday, March 12th. Finally, Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $78.79.

The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $42.41 billion, a PE ratio of 21.21, a P/E/G ratio of 3.64 and a beta of 0.17.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. American Electric Power had a return on equity of 10.32% and a net margin of 11.91%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $0.85 EPS. American Electric Power’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts forecast that American Electric Power Company Inc will post 4.12 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 8th were given a dividend of $0.67 per share. The ex-dividend date was Thursday, February 7th. This represents a $2.68 annualized dividend and a yield of 3.20%. American Electric Power’s payout ratio is 67.85%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Liberty Wealth Management LLC purchased a new stake in American Electric Power in the 4th quarter worth approximately $74,000. Pinnacle Bank purchased a new stake in American Electric Power in the 4th quarter worth approximately $148,000. American Century Companies Inc. lifted its holdings in American Electric Power by 83.1% in the 4th quarter. American Century Companies Inc. now owns 189,148 shares of the utilities provider’s stock worth $14,137,000 after buying an additional 85,849 shares during the period. Sowell Financial Services LLC lifted its holdings in American Electric Power by 66.7% in the 4th quarter. Sowell Financial Services LLC now owns 5,947 shares of the utilities provider’s stock worth $445,000 after buying an additional 2,379 shares during the period. Finally, Actinver Wealth Management Inc. purchased a new stake in American Electric Power in the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 73.43% of the company’s stock.

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About American Electric Power (NYSE:AEP)

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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