EVA Dimensions cut shares of American Electric Power (NYSE: AEP) to a hold rating in a research report sent to investors on Tuesday morning.
A number of other firms have also recently commented on AEP. Analysts at Zacks reiterated a neutral rating on shares of American Electric Power in a research note to investors on Monday, February 25th. They now have a $48.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a hold rating on shares of American Electric Power in a research note to investors on Thursday, February 21st. They now have a $46.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of American Electric Power from $46.00 to $48.00 in a research note to investors on Wednesday, February 20th. They now have a neutral rating on the stock.
Eight research analysts have rated the stock with a buy rating, one has given an overweight rating, and twelve have given a hold rating to the company. American Electric Power currently has an average rating of overweight and a consensus target price of $47.15.
American Electric Power opened at 47.66 on Tuesday. American Electric Power has a 52-week low of $36.97 and a 52-week high of $47.87. The stock’s 50-day moving average is currently $45.21. The company has a market cap of $23.147 billion and a price-to-earnings ratio of 18.34.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 8th. Stockholders of record on Friday, February 8th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Wednesday, February 6th.
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