American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) has received a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $88.92.
Several research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Royal Bank of Canada upped their target price on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Morgan Stanley boosted their price target on American Electric Power from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Finally, Cfra reiterated a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th.
Get Our Latest Stock Analysis on American Electric Power
Insider Activity
Hedge Funds Weigh In On American Electric Power
Hedge funds have recently bought and sold shares of the company. Apella Capital LLC acquired a new position in American Electric Power during the 4th quarter worth $348,000. Rockline Wealth Management LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth approximately $1,982,000. Nisa Investment Advisors LLC raised its holdings in American Electric Power by 28.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock valued at $4,096,000 after acquiring an additional 11,065 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in American Electric Power by 34.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 62,978 shares of the company’s stock worth $5,115,000 after acquiring an additional 16,225 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in American Electric Power by 1,592.1% during the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock worth $33,612,000 after acquiring an additional 389,675 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.
American Electric Power Stock Down 0.9 %
Shares of NASDAQ AEP opened at $87.05 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. The firm has a 50-day simple moving average of $88.20 and a two-hundred day simple moving average of $83.87. American Electric Power has a 1 year low of $69.38 and a 1 year high of $93.44. The company has a market cap of $45.89 billion, a P/E ratio of 16.15, a PEG ratio of 2.60 and a beta of 0.53.
American Electric Power (NASDAQ:AEP – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the business posted $1.11 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts anticipate that American Electric Power will post 5.58 earnings per share for the current year.
American Electric Power Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a $0.88 dividend. The ex-dividend date was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 4.04%. American Electric Power’s payout ratio is currently 65.31%.
American Electric Power Company Profile
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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.
Featured Articles
- Five stocks we like better than American Electric Power
- Market Cap Calculator: How to Calculate Market Cap
- Sarepta Therapeutics Stock Soars on FDA Approval
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- CarMax: A Market Melt-Up Waiting to Happen for this Stock
- What does consumer price index measure?
- 3 Solar Stocks to Watch that are Building the Green Energy Future
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.