Barclays PLC reaffirmed their overweight rating on shares of American Electric Power Company Inc (NYSE:AEP) in a research report released on Sunday. The firm currently has a $76.00 target price on the utilities provider’s stock, up from their prior target price of $71.00.

Several other equities research analysts have also recently commented on the company. Mizuho reissued a buy rating and issued a $72.50 target price on shares of American Electric Power Company in a research note on Wednesday. Deutsche Bank AG lifted their price objective on American Electric Power Company from $70.00 to $72.00 and gave the stock a buy rating in a research note on Tuesday, April 11th. Jefferies Group LLC lifted their price objective on American Electric Power Company from $65.00 to $68.00 and gave the stock a hold rating in a research note on Tuesday, March 14th. Wells Fargo & Co raised American Electric Power Company from a market perform rating to an outperform rating in a research note on Tuesday, January 10th. They noted that the move was a valuation call. Finally, Guggenheim cut American Electric Power Company from a buy rating to a neutral rating in a research note on Monday, January 9th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $71.40.

Analyst Recommendations for American Electric Power Company (NYSE:AEP)

Shares of American Electric Power Company (NYSE:AEP) traded up 0.62% on Friday, reaching $67.86. The company had a trading volume of 2,721,113 shares. The company’s 50-day moving average is $66.98 and its 200 day moving average is $63.65. The firm has a market capitalization of $33.37 billion, a PE ratio of 54.59 and a beta of 0.23. American Electric Power Company has a 12 month low of $57.89 and a 12 month high of $71.32.

American Electric Power Company (NYSE:AEP) last released its earnings results on Thursday, January 26th. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.12. The company earned $3.80 billion during the quarter, compared to analysts’ expectations of $3.90 billion. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. Equities analysts forecast that American Electric Power Company will post $3.65 earnings per share for the current year.

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In other American Electric Power Company news, insider Lisa M. Barton sold 1,314 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $65.90, for a total value of $86,592.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ausdal Financial Partners Inc. acquired a new position in American Electric Power Company during the third quarter worth about $257,000. Commonwealth Equity Services Inc boosted its position in American Electric Power Company by 1.0% in the third quarter. Commonwealth Equity Services Inc now owns 200,835 shares of the utilities provider’s stock worth $12,896,000 after buying an additional 1,944 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in American Electric Power Company by 7.8% in the third quarter. Reilly Financial Advisors LLC now owns 2,300 shares of the utilities provider’s stock worth $148,000 after buying an additional 166 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in American Electric Power Company by 3.4% in the third quarter. Rehmann Capital Advisory Group now owns 5,696 shares of the utilities provider’s stock worth $366,000 after buying an additional 187 shares during the last quarter. Finally, Bollard Group LLC boosted its position in American Electric Power Company by 0.8% in the third quarter. Bollard Group LLC now owns 259,500 shares of the utilities provider’s stock worth $16,662,000 after buying an additional 2,105 shares during the last quarter. 68.13% of the stock is owned by hedge funds and other institutional investors.

About American Electric Power Company

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.

5 Day Chart for NYSE:AEP

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