RBC Capital Reaffirms Their Hold Rating on American Electric Power

By Carrie Williams

In a report released yesterday, Shelby Tucker from RBC Capital reiterated a Hold rating on American Electric Power (NYSE: AEP), with a price target of $74. The company’s shares closed yesterday at $74.17, close to its 52-week high of $74.90.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.5% and a 76.0% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and Public Service Enterprise.

American Electric Power has an analyst consensus of Moderate Buy, with a price target consensus of $75.20.

Based on American Electric Power’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $4.09 billion and quarterly net profit of $545 million. In comparison, last year the company earned revenue of $4.64 billion and had a GAAP net loss of $766 million.

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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 & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing.