American Electric Power (AEP) Raised to Hold at Zacks Investment Research

Marco Green
January 14, 2018

About 2.42 million shares traded or 123.51% up from the average. American Electric Power Company Inc. had 63 analyst reports since August 18, 2015 according to SRatingsIntel. It has underperformed by 16.70% the S&P500.

Clearbridge Investments Llc increased its stake in Union Pac Corp (UNP) by 0.29% based on its latest 2017Q3 regulatory filing with the SEC. Capital Research Global Investors bought 992,194 shares as the company's stock rose 7.19% with the market. The stock increased 2.47% or $1.27 during the last trading session, reaching $52.78. Sawtooth Solutions LLC lifted its position in shares of American Electric Power by 5.7% in the second quarter. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since January 13, 2017 and is uptrending. It has outperformed by 4.77% the S&P500.

Zacks Investment Research upgraded shares of American Electric Power (NYSE:AEP) from a sell rating to a hold rating in a research report report published on Tuesday, January 2nd. The company's revenue for the quarter was down 12.8% compared to the same quarter last year. analysts anticipate that American Electric Power will post 3.61 earnings per share for the current fiscal year. (NYSE:AEP) has "Buy" rating given on Tuesday, August 25 by Deutsche Bank. Therefore 47% are positive.

Analysts await American Electric Power Company, Inc. On Thursday, November 9 the stock rating was maintained by SunTrust with "Buy". The rating was maintained by Citigroup on Wednesday, July 20 with "Neutral". The firm has "Sector Perform" rating given on Thursday, October 13 by RBC Capital Markets. The firm earned "Equal-Weight" rating on Monday, August 10 by Barclays Capital. The firm has "Overweight" rating by Morgan Stanley given on Wednesday, December 13. (NYSE:AEP) has "Neutral" rating given on Thursday, October 12 by JP Morgan. Investec has "Buy" rating and GBX 280 target.

Kentucky Power’s Kevin Griffith worked to restore power in Miami following Hurricane Irma
Kentucky Power’s Kevin Griffith worked to restore power in Miami following Hurricane Irma

Investors sentiment increased to 1.13 in 2017 Q3. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEP. Aperio Gru holds 59,229 shares. Spears Abacus Advisors Lc reported 4,350 shares. Moreover, American Electric is exposed to environmental risks since its power plants produce large quantities of nitrogen, sulfur, mercury and carbon dioxide. (NYSE:AEP). Fmr Ltd Liability Company owns 1.62 million shares. The stock of American Electric Power Company, Inc. As shares of firm has 20 days moving average price of -6.37% from last close price of 68.73 and act as support or resistance of price limit. Mirador Capital Partners LP holds 0.15% or 3,643 shares.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale clients in the United States. Investors of record on Friday, February 10th will be issued a dividend of $0.59 per share. American Electric Power Co now has $33.53B valuation. (NYSE:AEP). The New York-based Tompkins Fincl has invested 0.03% in American Electric Power Company, Inc. It also reduced Eaton Corp (NYSE:ETN) stake by 52,200 shares and now owns 200,800 shares. (NYSE:AEP). California Employees Retirement System invested in 0.13% or 1.23M shares. Farmers & Merchants owns 76,141 shares for 0.42% of their portfolio. It also reduced its holding in Rockwell Collins Inc (NYSE:COL) by 312,887 shares in the quarter, leaving it with 3.48 million shares, and cut its stake in Tjx Cos Inc New (NYSE:TJX). One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Therefore 21% are positive. Sunoco Inc. had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, September 5. On Wednesday, August 30 the stock rating was maintained by Jefferies with "Hold". Aon plc (NYSE:AON) has risen 21.47% since January 13, 2017 and is uptrending. The company was downgraded on Monday, June 26 by Goldman Sachs. UBS has "Neutral" rating and $88 target. (NYSE:AEP) on Friday, July 29 with "Overweight" rating. The company was maintained on Friday, October 27 by UBS. The rating was maintained by RBC Capital Markets on Monday, October 9 with "Buy".

Investors sentiment increased to 0.99 in Q3 2017. Its down 0.40, from 1.24 in 2017Q2. 95 funds opened positions while 408 raised stakes. Blb&B Ltd Liability Com accumulated 4,722 shares. Northcoast Asset Mgmt owns 0.26% invested in Loews Corporation (NYSE:L) for 46,871 shares. Waters Parkerson & Lc stated it has 12,400 shares. (NYSE:AEP). 40,169 are owned by Churchill Corporation. Inv Ptnrs Limited Oh Adv invested in 3,211 shares. Motco has invested 0.03% in Union Pacific Corporation (NYSE:UNP). 14,074 are held by Neuberger Berman Group Limited Liability. Pekin Singer Strauss Asset Management Il reported 8,967 shares stake. Highstreet Asset Mgmt Incorporated reported 133 shares. The Australia-based Rare Infrastructure Ltd has invested 2.62% in the stock.

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