American Electric Power (NYSE:AEP)‘s stock had its “buy” rating restated by analysts at SunTrust Banks in a report issued on Tuesday. They currently have a $78.00 target price on the utilities provider’s stock. SunTrust Banks’ price objective would suggest a potential upside of 12.23% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of American Electric Power in a report on Monday, October 30th. Zacks Investment Research downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Guggenheim downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley raised shares of American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price objective for the company in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. American Electric Power presently has an average rating of “Hold” and a consensus target price of $75.08.

American Electric Power (NYSE:AEP) opened at $69.50 on Tuesday. The company has a market cap of $34,190.00, a PE ratio of 18.15, a PEG ratio of 3.83 and a beta of 0.30. American Electric Power has a 1-year low of $62.12 and a 1-year high of $78.07. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01.

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

Hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC bought a new position in American Electric Power during the 3rd quarter valued at about $113,000. Bank of Nova Scotia Trust Co. bought a new position in American Electric Power during the 3rd quarter valued at about $140,000. WFG Advisors LP lifted its holdings in American Electric Power by 36.3% during the 2nd quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 543 shares during the last quarter. Quantbot Technologies LP bought a new position in American Electric Power during the 2nd quarter valued at about $147,000. Finally, TCI Wealth Advisors Inc. lifted its holdings in American Electric Power by 54.4% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,261 shares of the utilities provider’s stock valued at $159,000 after purchasing an additional 797 shares during the last quarter. 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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