Thursday, May 27, 2010

Goldman Sachs (NYSE:GS) Likes American Electric Power (NYSE:AEP)

Goldman Sachs (NYSE:GS) said they continue to like American Electric Power (NYSE:AEP), citing they are trading at a strong discount to their peers, one of the few regulated large cap companies to do so.

The dividend yield continues to be attractive as well, standing at 5 percent.

Consequently, the giant financial institution retains their "Buy" rating on American Electric Power Company, and a $38 price target.

Goldman analysts did however lower their earnings per share estimate from $3.05 to $2.88 for 2010.

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