American Electric Power Company, Inc. (NYSE:AEP) – Analysts at KeyCorp dropped their FY2017 earnings per share (EPS) estimates for American Electric Power in a research note issued to investors on Wednesday. KeyCorp analyst P. Ridzon now expects that the utilities provider will earn $3.60 per share for the year, down from their prior forecast of $3.70. KeyCorp has a “Buy” rating and a $73.00 price objective on the stock.

Other analysts have also issued research reports about the company. BidaskClub lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) lowered American Electric Power from a “buy” rating to a “neutral” rating and boosted their target price for the company from $68.00 to $70.00 in a research report on Monday, June 26th. Jefferies Group LLC reissued a “hold” rating and issued a $70.00 target price on shares of American Electric Power in a research report on Wednesday, July 19th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.10.

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American Electric Power (AEP) traded down 0.19% on Friday, reaching $73.69. The company’s stock had a trading volume of 507,581 shares. The company has a 50 day moving average of $72.34 and a 200 day moving average of $70.55. The firm has a market capitalization of $36.24 billion, a price-to-earnings ratio of 63.42 and a beta of 0.28. American Electric Power has a 52 week low of $57.89 and a 52 week high of $74.59.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.07). The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. During the same quarter in the previous year, the business earned $0.95 earnings per share.

Institutional investors have recently bought and sold shares of the company. Ledyard National Bank increased its position in shares of American Electric Power by 52.6% during the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 500 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in shares of American Electric Power during the first quarter worth $105,000. Chicago Partners Investment Group LLC increased its position in shares of American Electric Power by 0.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 5 shares during the period. Zions Bancorporation increased its position in shares of American Electric Power by 1.3% during the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 21 shares during the period. Finally, Smithfield Trust Co. increased its position in shares of American Electric Power by 8.1% during the second quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 125 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About American Electric Power

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.

Earnings History and Estimates for American Electric Power (NYSE:AEP)

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