American Electric Power’s (AEP) Buy Rating Reiterated at SunTrust Banks

SunTrust Banks reiterated their buy rating on shares of American Electric Power (NYSE:AEP) in a report issued on Tuesday morning. They currently have a $78.00 price objective on the utilities provider’s stock.

A number of other equities analysts also recently weighed in on AEP. Zacks Investment Research upgraded American Electric Power from a sell rating to a hold rating in a research note on Tuesday, January 2nd. Jefferies Group restated a hold rating and issued a $73.00 target price on shares of American Electric Power in a research note on Tuesday, October 3rd. Guggenheim downgraded American Electric Power from a neutral rating to a sell rating in a research note on Tuesday, January 2nd. Bank of America assumed coverage on American Electric Power in a research note on Tuesday, October 24th. They issued a buy rating and a $79.00 target price on the stock. Finally, Deutsche Bank downgraded American Electric Power from a buy rating to a hold rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $75.08.

American Electric Power (NYSE:AEP) opened at $67.46 on Tuesday. The stock has a market capitalization of $33,180.00, a PE ratio of 17.61, a price-to-earnings-growth ratio of 3.83 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. American Electric Power has a 12 month low of $62.14 and a 12 month high of $78.07.

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

A number of institutional investors have recently bought and sold shares of AEP. Aberdeen Asset Management PLC UK lifted its stake in American Electric Power by 18.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 235,418 shares of the utilities provider’s stock valued at $16,354,000 after purchasing an additional 36,214 shares during the last quarter. Raymond James Trust N.A. lifted its stake in American Electric Power by 9.2% in the second quarter. Raymond James Trust N.A. now owns 25,054 shares of the utilities provider’s stock valued at $1,740,000 after purchasing an additional 2,113 shares during the last quarter. SVA Plumb Wealth Management LLC lifted its stake in American Electric Power by 3.0% in the second quarter. SVA Plumb Wealth Management LLC now owns 41,855 shares of the utilities provider’s stock valued at $2,908,000 after purchasing an additional 1,200 shares during the last quarter. Teachers Advisors LLC lifted its stake in American Electric Power by 6.6% in the second quarter. Teachers Advisors LLC now owns 1,389,222 shares of the utilities provider’s stock valued at $96,509,000 after purchasing an additional 86,368 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in American Electric Power by 5.8% in the second quarter. TIAA CREF Investment Management LLC now owns 3,690,934 shares of the utilities provider’s stock valued at $256,409,000 after purchasing an additional 200,874 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

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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.

Analyst Recommendations for American Electric Power (NYSE:AEP)

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