Investors Buy Shares of American Electric Power Company, Inc. (NYSE:AEP) on Weakness

Traders purchased shares of American Electric Power Company, Inc. (NYSE:AEP) on weakness during trading hours on Monday. $82.63 million flowed into the stock on the tick-up and $33.26 million flowed out of the stock on the tick-down, for a money net flow of $49.37 million into the stock. Of all companies tracked, American Electric Power had the 12th highest net in-flow for the day. American Electric Power traded down ($0.79) for the day and closed at $69.19

A number of equities research analysts have recently weighed in on AEP shares. Jefferies Group LLC boosted their target price on American Electric Power from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Barclays PLC reaffirmed an “overweight” rating and set a $76.00 price target (up previously from $71.00) on shares of American Electric Power in a research report on Sunday, April 23rd. BidaskClub downgraded American Electric Power from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) downgraded American Electric Power from a “buy” rating to a “neutral” rating and upped their target price for the stock from $68.00 to $70.00 in a report on Monday, June 26th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $72.17.

The company’s 50 day moving average is $70.00 and its 200 day moving average is $68.41. The firm has a market cap of $35.49 billion, a price-to-earnings ratio of 62.10 and a beta of 0.30.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.07. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. During the same quarter last year, the company earned $0.95 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post $3.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.27%. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

Large investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. raised its stake in shares of American Electric Power by 17.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 45,854 shares of the utilities provider’s stock worth $3,078,000 after buying an additional 6,717 shares during the last quarter. Abner Herrman & Brock LLC raised its stake in shares of American Electric Power by 7.6% in the first quarter. Abner Herrman & Brock LLC now owns 4,721 shares of the utilities provider’s stock worth $317,000 after buying an additional 332 shares during the last quarter. Hexavest Inc. raised its stake in shares of American Electric Power by 2.5% in the first quarter. Hexavest Inc. now owns 251,598 shares of the utilities provider’s stock worth $16,890,000 after buying an additional 6,126 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of American Electric Power during the first quarter worth $617,000. Finally, Rothschild Investment Corp IL raised its stake in shares of American Electric Power by 2.2% in the first quarter. Rothschild Investment Corp IL now owns 9,470 shares of the utilities provider’s stock worth $636,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 70.77% of the company’s stock.

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American Electric Power Company Profile

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.

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