American Electric Power Gets a Hold Rating from Jefferies

By Ryan Adsit

In a report released today, Anthony Crowdell from Jefferies reiterated a Hold rating on American Electric Power (NYSE: AEP), with a price target of $70. The company’s shares closed yesterday at $68.10.

According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 6.1% and a 71.0% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and Edison International.

American Electric Power has an analyst consensus of Moderate Buy, with a price target consensus of $70.

American Electric Power’s market cap is currently $33.49B and has a P/E ratio of 54.58. The company has a book value ratio of 1.9248.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2017, Lisa Barton, the EVP of AEP sold 1,314 shares for a total of $86,593.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Electric Power Co., Inc. is a public utility holding company that engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The Transmission & Distribution Utilities segment engages in the business of transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries. The AEP Transmission Holdco segment engages in the development, construction and operation of transmission facilities through investments in its wholly-owned transmission subsidiaries and joint ventures. The Generation & Marketing segment engages in non-regulated generation; and marketing, risk management, and retail activities. The company was founded on December 20, 1906 and is headquartered in Columbus, OH.