Economy

Price Target Analysis of American Electric Power Co., Inc. (AEP)

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. Finally, Vantage Investment Advisors LLC boosted its stake in American Electric Power Company by 0.6% in the third quarter. World Asset Management Inc raised its holdings in American Electric Power by 9.5% in the first quarter. Neuberger Berman Group LLC lifted its stake in American Electric Power by 5.5% in the 2nd quarter. Swiss National Bank now owns 1,742,389 shares of the utilities provider's stock valued at $116,967,000 after acquiring an additional 380,700 shares in the last quarter. The F&V Capital Management Llc holds 46,540 shares with $3.23 million value, down from 75,465 last quarter.

Many other hedge fund investors and investment firms lately adjusted their holdings of the company.

ILLEGAL ACTIVITY NOTICE: This report was posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another website, it was illegally stolen and reposted in violation of USA & worldwide copyright & trademark laws. Brookfield Asset Management Inc. acquired a new position in shares of American Electric Power during the first quarter worth approximately $56,864,000. The lowest price the stock reached in the last trading day was $70.5 and compares with the $57.89 52-week low. (NYSE:AEP) opened at 71.04 on Tuesday. Ecofin Limited stated it has 0.7% in American Electric Power Company Inc (NYSE:AEP). More interesting news about Facebook Inc (NASDAQ:FB) were released by: Nasdaq.com and their article: "Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $42.5 million of Shares" published on September 12, 2017 as well as Investorplace.com's news article titled: "Trade of the Day: Facebook Inc (FB) Stock Flips to Near-Term Bearish" with publication date: September 26, 2017. Company has a valuation of $34.93 B, a price to earnings ratio of 61.11 along with a stock beta of 0.29.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 27th. About shares traded. American Electric Power Company Inc (NYSE:AEP) has risen 7.63% since September 26, 2016 and is uptrending. Chicago Partners Investment Group raised its holdings in American Electric Power by 0.3% through out the 1st period.

The company has mean EPS estimate of 0.66 reported by 9 number of analyst for the quarter ending Current Qtr.(Sep2017).

Analysts await American Electric Power Company Inc (NYSE:AEP) to report earnings on November, 7.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. The company was maintained on Thursday, August 10 by Morgan Stanley. This represents a $2.36 dividend on an annualized basis and a yield of 3.52%. The stock has "Buy" rating by Deutsche Bank on Tuesday, August 25. American Electric Power's dividend payout ratio is now 203.45%. American Electric Power Company Inc. had 53 analyst reports since August 18, 2015 according to SRatingsIntel. Goldman Sachs Group, Inc. Guggenheim cut American Electric Power Company from a "buy" rating to a "neutral" rating in a research note on Monday, January 9th. Mizuho dropped American Electric Power from a "buy" recommendation to a "neutral" recommendation and trimmed their target price for the share from $74.00 to $73.00 in a note on Friday. The stock of American Electric Power Company Inc (NYSE:AEP) earned "Buy" rating by Mizuho on Tuesday, August 18. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Planning holds 0.07% in American Electric Power Company Inc (NYSE:AEP) or 12,711 shares. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Jefferies has "Hold" rating and $7000 target. Cullinan Associates Inc sold 7,101 shares as the company's stock rose 10.88% with the market. The service areas of the firms public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.



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