Recent Research Analysts’ Ratings Updates for American Electric Power (AEP)

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American Electric Power (NYSE: AEP) has recently received a number of price target changes and ratings updates:

  • 5/16/2019 – American Electric Power had its price target raised by analysts at Morgan Stanley from $87.00 to $88.00. They now have an “equal weight” rating on the stock.
  • 5/9/2019 – American Electric Power had its price target raised by analysts at UBS Group AG from $89.00 to $94.00. They now have a “buy” rating on the stock.
  • 4/26/2019 – American Electric Power had its price target raised by analysts at Wells Fargo & Co from $89.00 to $93.00. They now have an “outperform” rating on the stock.
  • 4/26/2019 – American Electric Power was given a new $89.00 price target on by analysts at Wolfe Research. They now have a “buy” rating on the stock.
  • 4/18/2019 – American Electric Power was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $83.20 price target on the stock, down previously from $86.00.
  • 4/8/2019 – American Electric Power was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $78.00 price target on the stock.
  • 3/20/2019 – American Electric Power was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “American Electric’s shares outperformed the industry in the past one year. The company’s investment strategy includes incremental investment in renewable generation projects throughout the United States. In sync with this, the company has been making substantial investments. This provides stability to the company’s revenue stream. American Electric has a stable earnings base of approximately 5.4 million customers spread over 11 states. This provides stability to the company’s revenue stream and insulates it from lower sales in any particular service area. However, American Electric is exposed to environmental risks, since its power plants produce large quantities of nitrogen, sulfur, mercury and carbon dioxide. American Electric projects an investment of $2.2-$2.8 billion in the 2017–2025 time period. Such additional investments could weigh on the company’s finances, going ahead.”
  • 3/18/2019 – American Electric Power was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $94.00 price target on the stock. According to Zacks, “American Electric’s shares outperformed the industry in the past one year. The company’s investment strategy includes incremental investment in renewable generation projects throughout the United States. In sync with this, the company has been making substantial investments. This provides stability to the company’s revenue stream. American Electric has a stable earnings base of approximately 5.4 million customers spread over 11 states. This provides stability to the company’s revenue stream and insulates it from lower sales in any particular service area. The company’s geographically-diversified operations allow it to avail transmission opportunities with better returns, compared with its single-state utility peers. However, American Electric is exposed to environmental risks, since its power plants produce large quantities of nitrogen, sulfur, mercury and carbon dioxide.”

AEP traded up $0.44 during trading on Friday, hitting $85.84. The stock had a trading volume of 1,744,270 shares, compared to its average volume of 2,152,415. The company has a market capitalization of $41.95 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 3.65 and a beta of 0.17. American Electric Power Company Inc has a 12 month low of $62.71 and a 12 month high of $86.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.49 and a quick ratio of 0.37.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, April 25th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.10 by $0.09. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.23 billion. American Electric Power had a net margin of 12.64% and a return on equity of 10.81%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. Analysts anticipate that American Electric Power Company Inc will post 4.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.68 annualized dividend and a yield of 3.12%. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.

In other news, EVP David Matthew Feinberg sold 4,535 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.72, for a total transaction of $388,740.20. Following the transaction, the executive vice president now owns 9,674 shares in the company, valued at approximately $829,255.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Nicholas K. Akins sold 11,152 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $84.94, for a total transaction of $947,250.88. The disclosure for this sale can be found here. Insiders sold a total of 21,582 shares of company stock worth $1,842,763 in the last quarter. Insiders own 0.16% of the company’s stock.

Several large investors have recently bought and sold shares of AEP. Teachers Advisors LLC increased its holdings in shares of American Electric Power by 5.9% during the 3rd quarter. Teachers Advisors LLC now owns 1,283,434 shares of the utilities provider’s stock worth $90,970,000 after purchasing an additional 71,732 shares during the period. Morgan Stanley increased its stake in American Electric Power by 24.0% in the third quarter. Morgan Stanley now owns 3,695,743 shares of the utilities provider’s stock valued at $261,954,000 after acquiring an additional 714,473 shares during the period. Vanguard Group Inc increased its stake in American Electric Power by 1.6% in the third quarter. Vanguard Group Inc now owns 37,558,524 shares of the utilities provider’s stock valued at $2,662,148,000 after acquiring an additional 584,608 shares during the period. Fox Run Management L.L.C. bought a new stake in American Electric Power in the fourth quarter valued at about $419,000. Finally, First Citizens Bank & Trust Co. bought a new stake in American Electric Power in the fourth quarter valued at about $698,000. Institutional investors own 73.99% of the company’s stock.

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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