ValuEngine Lowers American Electric Power (AEP) to Hold

American Electric Power (NYSE:AEP) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

AEP has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on American Electric Power to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Morgan Stanley upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 target price for the company in a research note on Wednesday, December 13th. Deutsche Bank downgraded American Electric Power from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, KeyCorp restated a “buy” rating and set a $73.00 target price on shares of American Electric Power in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $74.82.

Shares of American Electric Power (AEP) traded down $0.66 during mid-day trading on Tuesday, reaching $72.99. The company’s stock had a trading volume of 1,077,967 shares, compared to its average volume of 2,315,521. 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 $61.82 and a 12 month high of $78.07. The firm has a market cap of $36,227.36, a price-to-earnings ratio of 19.11, a P/E/G ratio of 4.29 and a beta of 0.30.

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 the consensus estimate of $1.16 by ($0.06). The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The business’s revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 EPS. sell-side analysts forecast that American Electric Power will post 3.61 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Chicago Partners Investment Group LLC acquired a new stake in shares of American Electric Power in the third quarter valued at about $113,000. Thompson Davis & CO. Inc. increased its position in American Electric Power by 0.3% during the second quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock worth $121,000 after buying an additional 6 shares during the last quarter. Vantage Investment Advisors LLC increased its position in American Electric Power by 0.9% during the second quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock worth $129,000 after buying an additional 17 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in American Electric Power during the third quarter worth approximately $140,000. Finally, WFG Advisors LP increased its position in American Electric Power by 36.3% during the second quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock worth $142,000 after buying an additional 543 shares during the last quarter. Institutional investors own 71.04% 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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