American Electric Power (NASDAQ:AEP) Earns “Maintains” Rating from BMO Capital Markets

BMO Capital Markets reissued their maintains rating on shares of American Electric Power (NASDAQ:AEPGet Rating) in a research report sent to investors on Thursday morning, Benzinga reports.

Several other research firms have also issued reports on AEP. StockNews.com assumed coverage on shares of American Electric Power in a research note on Thursday, March 31st. They issued a hold rating for the company. Morgan Stanley reduced their price objective on shares of American Electric Power from $113.00 to $101.00 and set an overweight rating for the company in a research note on Thursday, June 23rd. Citigroup lifted their price objective on shares of American Electric Power from $94.00 to $99.00 in a research note on Thursday. Finally, Credit Suisse Group lifted their price objective on shares of American Electric Power from $103.00 to $105.00 and gave the company an outperform rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $102.67.

American Electric Power Trading Up 1.0 %

Shares of NASDAQ:AEP opened at $98.56 on Thursday. The firm has a fifty day moving average of $96.19 and a two-hundred day moving average of $95.65. The firm has a market capitalization of $50.61 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 3.09 and a beta of 0.36. American Electric Power has a 12-month low of $80.22 and a 12-month high of $104.81. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.28.

American Electric Power (NASDAQ:AEPGet Rating) last issued its earnings results on Wednesday, July 27th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $3.98 billion. American Electric Power had a net margin of 15.34% and a return on equity of 10.65%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. On average, equities analysts expect that American Electric Power will post 5.03 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 10th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $3.12 annualized dividend and a yield of 3.17%. American Electric Power’s dividend payout ratio (DPR) is presently 59.66%.

Insider Buying and Selling

In other news, EVP Charles E. Zebula sold 1,902 shares of the business’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $99.05, for a total transaction of $188,393.10. Following the transaction, the executive vice president now owns 18,134 shares in the company, valued at approximately $1,796,172.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Greg B. Hall sold 759 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $100.15, for a total value of $76,013.85. Following the sale, the executive vice president now owns 3,903 shares of the company’s stock, valued at $390,885.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Zebula sold 1,902 shares of the company’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $99.05, for a total transaction of $188,393.10. Following the completion of the sale, the executive vice president now directly owns 18,134 shares in the company, valued at approximately $1,796,172.70. The disclosure for this sale can be found here. Insiders have sold 18,406 shares of company stock worth $1,852,995 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Institutional Trading of American Electric Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Joseph Group Capital Management bought a new stake in American Electric Power in the fourth quarter valued at about $666,000. American Research & Management Co. increased its stake in American Electric Power by 100.0% in the first quarter. American Research & Management Co. now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 125 shares during the period. Center for Financial Planning Inc. increased its stake in American Electric Power by 1,288.9% in the first quarter. Center for Financial Planning Inc. now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the period. TFO TDC LLC bought a new stake in American Electric Power in the second quarter valued at about $25,000. Finally, Penserra Capital Management LLC bought a new stake in American Electric Power in the first quarter valued at about $27,000. Institutional investors own 73.26% of the company’s stock.

American Electric Power Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for American Electric Power (NASDAQ:AEP)

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