American Electric Power (NASDAQ:AEP) Upgraded by LADENBURG THALM/SH SH to “Neutral”

LADENBURG THALM/SH SH upgraded shares of American Electric Power (NASDAQ:AEPFree Report) from a sell rating to a neutral rating in a report issued on Thursday morning, Marketbeat reports. The firm currently has $86.00 price target on the stock, up from their prior price target of $73.00.

A number of other research analysts also recently issued reports on the company. Barclays increased their price objective on American Electric Power from $84.00 to $88.00 and gave the stock an equal weight rating in a report on Thursday, May 2nd. Scotiabank increased their price target on American Electric Power from $86.00 to $90.00 and gave the company a sector outperform rating in a research report on Wednesday, May 1st. BMO Capital Markets increased their price target on American Electric Power from $95.00 to $99.00 and gave the company an outperform rating in a research report on Tuesday, May 14th. UBS Group cut American Electric Power from a neutral rating to a sell rating and reduced their price target for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Wells Fargo & Company increased their price target on American Electric Power from $84.00 to $89.00 and gave the company an equal weight rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, American Electric Power has a consensus rating of Hold and an average price target of $89.57.

Read Our Latest Stock Analysis on American Electric Power

American Electric Power Stock Down 0.3 %

Shares of American Electric Power stock opened at $88.70 on Thursday. American Electric Power has a 1 year low of $69.38 and a 1 year high of $93.44. The business has a 50-day moving average of $87.37 and a two-hundred day moving average of $83.18. The company has a market capitalization of $46.76 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.67 and a beta of 0.53. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37.

American Electric Power (NASDAQ:AEPGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. American Electric Power’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. As a group, equities analysts predict that American Electric Power will post 5.59 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 3.97%. American Electric Power’s payout ratio is currently 65.31%.

Insider Buying and Selling

In related news, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $88.25, for a total transaction of $518,910.00. Following the completion of the sale, the executive vice president now directly owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently modified their holdings of AEP. Frazier Financial Advisors LLC bought a new position in shares of American Electric Power in the 4th quarter valued at $26,000. Denali Advisors LLC bought a new stake in American Electric Power during the 1st quarter worth $26,000. Rise Advisors LLC bought a new stake in American Electric Power during the 1st quarter worth $27,000. YHB Investment Advisors Inc. bought a new stake in American Electric Power during the 1st quarter worth $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in American Electric Power during the 4th quarter worth $32,000. Institutional investors own 75.24% of the company’s stock.

About American Electric Power

(Get Free Report)

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.

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Analyst Recommendations for American Electric Power (NASDAQ:AEP)

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