American Electric Power (AEP) Posts Quarterly Earnings, Meets Expectations

American Electric Power (AEP) announced its earnings results on Friday. The company reported $0.80 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.80. The company’s quarterly revenue was down 2.7% on a year-over-year basis.

A number of analysts have recently weighed in on AEP shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of American Electric Power in a research note to investors on Wednesday. On a related note, analysts at JPMorgan Chase raised their price target on shares of American Electric Power from $41.00 to $42.00 in a research note to investors on Friday, April 27th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of American Electric Power in a research note to investors on Monday, April 23rd. They now have a $40.00 price target on the stock.

Shares of American Electric Power (AEP) traded down 0.08% during mid-day trading on Friday, hitting $39.90. American Electric Power (AEP) has a 52 week low of $33.09 and a 52 week high of $41.98. The company has a market cap of $19.324 billion and a P/E ratio of 9.76.

American Electric Power Company, Inc. (AEP) is a holding company. The Company’s public utility subsidiaries include Appalachian Power Company (APCo), Columbus Southern Power Company (CSPCo), Indiana Michigan Power Company (I&M), Kentucky Power Company (KPCo), Kingsport Power Company (KgPCo), Ohio Power Company (OPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo), AEP Texas Central Company (TCC), AEP Texas North Company (TNC), Wheeling Power Company (WPCo) and AEP Generating Company (AEGCo).

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Posted by Web Inquirer Staff on 30 Jun 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.