UBS Maintains American Electric Power Company Inc to Buy with Price Target $76.00

Brokerage firm UBS Maintains its rating on American Electric Power Company Inc(NYSE:AEP). In a research note issued to the investors, the brokerage major Lowers the price-target to $76.00 per share. The shares have been rated Buy. The rating by UBS was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, Hilliard Lyons said it Downgrades its rating on American Electric Power Company Inc. The shares have been rated ‘Hold’ by the firm. On Jul 29, 2016, Barclays said it Maintains its rating on American Electric Power Company Inc. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on American Electric Power Company Inc. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 26, 2016, Goldman Sachs said it Upgrades its rating on American Electric Power Company Inc. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on American Electric Power Company Inc. In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 17, 2016, Jefferies said it Maintains its rating on American Electric Power Company Inc. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Buy’ by the firm.

American Electric Power Company Inc (AEP) shares turned negative on Mondays trading session with the shares closing down -0.14 points or -0.21% at a volume of 18,76,469. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.84. The peak price level was also seen at $67.84 while the days lowest was $67.005. Finally the shares closed at $67.15. The 52-week high of the shares is $71.32 while the 52-week low is $52.29. According to the latest information available, the market cap of the company is $33,018 M.

American Electric Power Company Inc(AEP) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.90B. Analysts had an estimated revenue of $4.07B. Earnings per share were $0.95. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Mark C Mccullough (Executive Vice President) purchased 4,489 shares at $63.43 per share price.Also, On May 6, 2016, Robert P Powers (Executive Vice President, COO) sold 1,046 shares at $65.39 per share price.On Feb 3, 2016, Lionel L Iii Nowell (director) sold 8,209 shares at $62.00 per share price, according to the Form-4 filing with the securities and exchange commission.

American Electric Power Company Inc. is a utility holding company. It operates in five segments. The vertically integrated utilities segment generates transmits and distributes electricity through AEP Generating Company Appalachian Power Company Indiana Michigan Power Company Kingsport Power Company Kentucky Power Company Public Service Company of Oklahoma Southwestern Electric Power Company and Wheeling Power Company. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segment’s subsidiaries consist of nonutility generating assets a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEP’s transmission joint ventures and AEP Transmission Company LLC. The AEP River Operations segment transports liquid coal and dry bulk commodities.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *