American Electric Power (AEP) Reaches New 1-Year High at $84.34

Shares of American Electric Power Company Inc (NYSE:AEP) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $84.34 and last traded at $84.04, with a volume of 176353 shares changing hands. The stock had previously closed at $82.87.

Several brokerages have recently commented on AEP. JPMorgan Chase & Co. set a $78.00 price objective on American Electric Power and gave the company a “hold” rating in a research report on Friday, January 25th. Guggenheim downgraded 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. Morgan Stanley boosted 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 downgraded 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. Finally, Zacks Investment Research downgraded American Electric Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. American Electric Power currently has a consensus rating of “Buy” and a consensus price target of $78.79.

The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.37. The stock has a market capitalization of $41.48 billion, a P/E ratio of 21.55, a PEG ratio of 3.56 and a beta of 0.17.



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

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 8th were given a $0.67 dividend. The ex-dividend date was Thursday, February 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.15%. American Electric Power’s dividend payout ratio is currently 67.85%.

Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in American Electric Power by 29.6% during the third quarter. American Century Companies Inc. now owns 103,299 shares of the utilities provider’s stock valued at $7,322,000 after purchasing an additional 23,568 shares during the period. Bank of New York Mellon Corp grew its stake in shares of American Electric Power by 14.2% during the third quarter. Bank of New York Mellon Corp now owns 4,549,939 shares of the utilities provider’s stock valued at $322,500,000 after buying an additional 564,041 shares during the last quarter. BlackRock Inc. grew its stake in shares of American Electric Power by 0.5% during the third quarter. BlackRock Inc. now owns 35,301,165 shares of the utilities provider’s stock valued at $2,502,146,000 after buying an additional 164,878 shares during the last quarter. American International Group Inc. grew its stake in shares of American Electric Power by 7.4% during the third quarter. American International Group Inc. now owns 169,561 shares of the utilities provider’s stock valued at $12,018,000 after buying an additional 11,754 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of American Electric Power by 74.1% during the third quarter. Ontario Teachers Pension Plan Board now owns 13,072 shares of the utilities provider’s stock valued at $927,000 after buying an additional 5,563 shares during the last quarter. Institutional investors own 73.39% 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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