American Electric Power (NYSE:AEP): Jefferies Maintains “Hold” Rating Today, Has a Target of $70.0000/Share

July 26, 2017 - By Richard Conner

 American Electric Power (NYSE:AEP): Jefferies Maintains

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.06, from 1.01 in 2016Q3. It dived, as 67 investors sold American Electric Power Company Inc shares while 269 reduced holdings. 67 funds opened positions while 253 raised stakes. 331.86 million shares or 1.65% more from 326.47 million shares in 2016Q3 were reported.

Duff Phelps Investment Mgmt Co has 0.93% invested in American Electric Power Company Inc (NYSE:AEP). First Dallas Secs Inc holds 4,425 shares. Focused Wealth Mgmt reported 963 shares. Mastrapasqua Asset Management has invested 0.12% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Tiaa Cref Tru Fsb Mo reported 21,443 shares. Blackrock Gru Limited holds 0.13% or 4.50 million shares in its portfolio. Aviva Public Limited has 0.13% invested in American Electric Power Company Inc (NYSE:AEP). The Oklahoma-based Bokf Na has invested 0.05% in American Electric Power Company Inc (NYSE:AEP). Life has 0.11% invested in American Electric Power Company Inc (NYSE:AEP). Bessemer has 0.02% invested in American Electric Power Company Inc (NYSE:AEP) for 70,224 shares. Services owns 1,747 shares for 0.06% of their portfolio. 6,886 were accumulated by Carroll Fincl Associates. Prudential Public Ltd Liability holds 0.01% in American Electric Power Company Inc (NYSE:AEP) or 30,000 shares. New Jersey-based Brave Asset Management has invested 0.18% in American Electric Power Company Inc (NYSE:AEP). Blackrock Inc has 1.36 million shares.

Since February 23, 2017, it had 0 insider buys, and 2 insider sales for $162,299 activity. Shares for $86,593 were sold by Barton Lisa M on Thursday, February 23.

American Electric Power (NYSE:AEP) Rating Reaffirmed

Jefferies now has a $70.0000 target price per share on the $33.68 billion market cap company or 1.69 % upside potential. In an analyst note made public on 19 July, American Electric Power (NYSE:AEP) shares have had their “Hold” Rating reconfirmed by analysts at Jefferies.

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.06, from 1.01 in 2016Q3. It dived, as 67 investors sold American Electric Power Company Inc shares while 269 reduced holdings. 67 funds opened positions while 253 raised stakes. 331.86 million shares or 1.65% more from 326.47 million shares in 2016Q3 were reported.

Duff Phelps Investment Mgmt Co has 0.93% invested in American Electric Power Company Inc (NYSE:AEP). First Dallas Secs Inc holds 4,425 shares. Focused Wealth Mgmt reported 963 shares. Mastrapasqua Asset Management has invested 0.12% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Tiaa Cref Tru Fsb Mo reported 21,443 shares. Blackrock Gru Limited holds 0.13% or 4.50 million shares in its portfolio. Aviva Public Limited has 0.13% invested in American Electric Power Company Inc (NYSE:AEP). The Oklahoma-based Bokf Na has invested 0.05% in American Electric Power Company Inc (NYSE:AEP). Life has 0.11% invested in American Electric Power Company Inc (NYSE:AEP). Bessemer has 0.02% invested in American Electric Power Company Inc (NYSE:AEP) for 70,224 shares. Services owns 1,747 shares for 0.06% of their portfolio. 6,886 were accumulated by Carroll Fincl Associates. Prudential Public Ltd Liability holds 0.01% in American Electric Power Company Inc (NYSE:AEP) or 30,000 shares. New Jersey-based Brave Asset Management has invested 0.18% in American Electric Power Company Inc (NYSE:AEP). Blackrock Inc has 1.36 million shares.

Since February 23, 2017, it had 0 insider buys, and 2 insider sales for $162,299 activity. Shares for $86,593 were sold by Barton Lisa M on Thursday, February 23.

American Electric Power Company Inc (NYSE:AEP) Ratings Coverage

Among 17 analysts covering American Electric Power Company Inc. (NYSE:AEP), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. American Electric Power Company Inc. has $77 highest and $55 lowest target. $66.31’s average target is -3.68% below currents $68.84 stock price. American Electric Power Company Inc. had 45 analyst reports since August 18, 2015 according to SRatingsIntel. As per Friday, June 17, the company rating was maintained by Jefferies. Jefferies maintained American Electric Power Company Inc (NYSE:AEP) rating on Wednesday, July 19. Jefferies has “Hold” rating and $7000 target. The stock of American Electric Power Company Inc (NYSE:AEP) has “Buy” rating given on Friday, October 23 by Deutsche Bank. The rating was maintained by Barclays Capital on Tuesday, December 15 with “Overweight”. The firm has “Hold” rating by Jefferies given on Tuesday, June 13. The firm has “Buy” rating by UBS given on Monday, December 7. The firm earned “Buy” rating on Thursday, September 17 by Jefferies. The stock of American Electric Power Company Inc (NYSE:AEP) has “Buy” rating given on Monday, October 19 by SunTrust. Citigroup initiated American Electric Power Company Inc (NYSE:AEP) rating on Thursday, October 15. Citigroup has “Neutral” rating and $61 target. The company was downgraded on Wednesday, November 2 by Evercore.

It closed at $68.84 lastly. It is down 7.63% since July 26, 2016 and is uptrending. It has underperformed by 9.07% the S&P500.

Analysts await American Electric Power Company Inc (NYSE:AEP) to report earnings on July, 27. They expect $0.88 EPS, down 7.37 % or $0.07 from last year’s $0.95 per share. AEP’s profit will be $430.54M for 19.56 P/E if the $0.88 EPS becomes a reality. After $0.96 actual EPS reported by American Electric Power Company Inc for the previous quarter, Wall Street now forecasts -8.33 % negative EPS growth.

American Electric Power Company, Inc. is a public utility holding firm that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The company has market cap of $33.68 billion. 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. It has a 48.08 P/E ratio. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

More recent American Electric Power Company Inc (NYSE:AEP) news were published by: Nasdaq.com which released: “Will American Electric (AEP) Disappoint This Earning Season?” on July 25, 2017. Also Prnewswire.com published the news titled: “Pre-Market Technical Recap on Electric Utilities Stocks — American Electric …” on July 19, 2017. Nasdaq.com‘s news article titled: “American Electric Power Company Stock Getting Very Oversold” with publication date: July 14, 2017 was also an interesting one.

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