KeyCorp Raises American Electric Power (AEP) Price Target to $70.00

American Electric Power (NYSE:AEP) had its target price upped by KeyCorp from $69.00 to $70.00 in a research note published on Wednesday morning. The firm currently has an overweight rating on the utilities provider’s stock. KeyCorp also issued estimates for American Electric Power’s Q1 2018 earnings at $0.99 EPS and FY2019 earnings at $4.10 EPS.

Several other research firms have also issued reports on AEP. Guggenheim lowered American Electric Power from a neutral rating to a sell rating in a research note on Tuesday, January 2nd. ValuEngine lowered American Electric Power from a buy rating to a hold rating in a research note on Tuesday, December 26th. Zacks Investment Research upgraded American Electric Power from a sell rating to a hold rating in a research note on Tuesday, January 2nd. SunTrust Banks restated a buy rating and issued a $78.00 price objective on shares of American Electric Power in a research note on Tuesday, January 9th. Finally, JPMorgan Chase dropped their price objective on American Electric Power from $70.00 to $69.00 and set a neutral rating on the stock in a research note on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $73.93.

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NYSE:AEP opened at $68.46 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.40 and a current ratio of 0.51. The company has a market capitalization of $33,712.22, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 3.28 and a beta of 0.17. American Electric Power has a 12-month low of $63.32 and a 12-month high of $78.07.



American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.92 billion. American Electric Power had a return on equity of 10.05% and a net margin of 12.39%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. equities research analysts predict that American Electric Power will post 3.88 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its position in shares of American Electric Power by 16.6% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,865 shares of the utilities provider’s stock valued at $432,000 after purchasing an additional 835 shares during the last quarter. SVA Plumb Wealth Management LLC grew its position in shares of American Electric Power by 2.1% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 42,905 shares of the utilities provider’s stock valued at $3,157,000 after purchasing an additional 885 shares during the last quarter. ETRADE Capital Management LLC grew its position in shares of American Electric Power by 5.3% in the fourth quarter. ETRADE Capital Management LLC now owns 18,882 shares of the utilities provider’s stock valued at $1,389,000 after purchasing an additional 948 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of American Electric Power by 15.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,278 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 955 shares during the last quarter. Finally, BB&T Corp grew its position in shares of American Electric Power by 2.4% in the fourth quarter. BB&T Corp now owns 45,060 shares of the utilities provider’s stock valued at $3,315,000 after purchasing an additional 1,035 shares during the last quarter. 71.70% of the stock is currently owned by institutional investors.

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American Electric Power Company Profile

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

Analyst Recommendations for American Electric Power (NYSE:AEP)

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