American Electric Power (NYSE:AEP) Neutral Rating Maintained Today By JP Morgan; The Target Given is $75

October 13, 2017 - By Peter Erickson

 American Electric Power (NYSE:AEP) Neutral Rating Maintained Today By JP Morgan; The Target Given is $75

Investors sentiment increased to 1.09 in 2017 Q2. Its up 0.10, from 0.99 in 2017Q1. It is positive, as 37 investors sold American Electric Power Company Inc shares while 255 reduced holdings. 72 funds opened positions while 245 raised stakes. 348.55 million shares or 2.95% more from 338.55 million shares in 2017Q1 were reported.

Linscomb Williams holds 0.03% or 4,677 shares. Janney Montgomery Scott Limited Liability Corp holds 61,246 shares. Robeco Institutional Asset Management Bv holds 970,833 shares or 0.44% of its portfolio. Boston Advisors Limited Liability holds 0.01% in American Electric Power Company Inc (NYSE:AEP) or 4,235 shares. Parkside Comml Bank & holds 0.02% or 584 shares. Davenport & accumulated 0% or 28,338 shares. Kornitzer Ks reported 18,499 shares. Pettyjohn Wood & White accumulated 0.16% or 6,197 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.07% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Covington Investment Advisors accumulated 46,465 shares. Motco holds 1,702 shares or 0.01% of its portfolio. Blackrock holds 0.12% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 33.27M shares. Sandy Spring Natl Bank stated it has 4,656 shares. The New York-based Clinton Grp Inc has invested 0.23% in American Electric Power Company Inc (NYSE:AEP). Mirae Asset Global Company stated it has 0.01% of its portfolio in American Electric Power Company Inc (NYSE:AEP).

Since May 16, 2017, it had 0 insider purchases, and 1 insider sale for $75,706 activity.

American Electric Power (NYSE:AEP) Rating Reaffirmed

In a research report released this morning, JP Morgan reiterated their Neutral rating on American Electric Power (NYSE:AEP) shares. The target price per share gives a possible upside of 2.31 % from firm’s stock close price.

Investors sentiment increased to 1.09 in 2017 Q2. Its up 0.10, from 0.99 in 2017Q1. It is positive, as 37 investors sold American Electric Power Company Inc shares while 255 reduced holdings. 72 funds opened positions while 245 raised stakes. 348.55 million shares or 2.95% more from 338.55 million shares in 2017Q1 were reported.

Linscomb Williams holds 0.03% or 4,677 shares. Janney Montgomery Scott Limited Liability Corp holds 61,246 shares. Robeco Institutional Asset Management Bv holds 970,833 shares or 0.44% of its portfolio. Boston Advisors Limited Liability holds 0.01% in American Electric Power Company Inc (NYSE:AEP) or 4,235 shares. Parkside Comml Bank & holds 0.02% or 584 shares. Davenport & accumulated 0% or 28,338 shares. Kornitzer Ks reported 18,499 shares. Pettyjohn Wood & White accumulated 0.16% or 6,197 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.07% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Covington Investment Advisors accumulated 46,465 shares. Motco holds 1,702 shares or 0.01% of its portfolio. Blackrock holds 0.12% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 33.27M shares. Sandy Spring Natl Bank stated it has 4,656 shares. The New York-based Clinton Grp Inc has invested 0.23% in American Electric Power Company Inc (NYSE:AEP). Mirae Asset Global Company stated it has 0.01% of its portfolio in American Electric Power Company Inc (NYSE:AEP).

Since May 16, 2017, it had 0 insider purchases, and 1 insider sale for $75,706 activity.

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

Among 18 analysts covering American Electric Power Company Inc. (NYSE:AEP), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. American Electric Power Company Inc. has $77 highest and $7 lowest target. $65.47’s average target is -10.69% below currents $73.31 stock price. American Electric Power Company Inc. had 55 analyst reports since August 18, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $61 target in Thursday, September 17 report. The stock has “Buy” rating by SunTrust on Monday, October 19. The stock of American Electric Power Company Inc (NYSE:AEP) has “Buy” rating given on Tuesday, August 18 by Mizuho. The rating was downgraded by Jefferies to “Hold” on Tuesday, September 20. Mizuho downgraded American Electric Power Company Inc (NYSE:AEP) on Friday, September 22 to “Hold” rating. Guggenheim upgraded the stock to “Buy” rating in Tuesday, September 8 report. Citigroup maintained American Electric Power Company Inc (NYSE:AEP) on Wednesday, July 20 with “Neutral” rating. On Friday, October 23 the stock rating was maintained by Jefferies with “Buy”. As per Friday, March 18, the company rating was maintained by Barclays Capital. Suntrust Robinson maintained American Electric Power Company Inc (NYSE:AEP) on Monday, October 19 with “Buy” rating.

About 1.94 million shares traded. American Electric Power Company Inc (NYSE:AEP) has risen 7.63% since October 13, 2016 and is uptrending. It has underperformed by 9.07% the S&P500.

Investors wait American Electric Power Company Inc (NYSE:AEP) to report on November, 7. its quarterly earnings Wall Street analysts expect $1.26 EPS, down $0.04 or 3.08 % from last year’s $1.3 same quarter earnings. This translates into $618.40 million profit for AEP giving the stock a 14.55 P/E. This is assuming the current $1.26 EPS is accurate. American Electric Power Company Inc’s Wall Street analysts see 68.00 % EPS growth, taking into account the $0.75 EPS reproted in the previous quarter,

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 $35.98 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 62.72 P/E ratio. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

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