American Electric Power (AEP) Gets a Hold Rating from Morgan Stanley


In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on American Electric Power (AEP), with a price target of $91. The company’s shares closed last Monday at $90.38, close to its 52-week high of $91.99.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -2.0% and a 51.9% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and Public Service Enterprise.

Currently, the analyst consensus on American Electric Power is a Moderate Buy with an average price target of $97.

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Based on American Electric Power’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $461 million. In comparison, last year the company had a net profit of $528 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

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

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