American Electric Power (NASDAQ:AEP) Stock Rating Lowered by Scotiabank

American Electric Power (NASDAQ:AEP - Get Free Report) was downgraded by analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating in a report issued on Thursday, Marketbeat.com reports. They presently have a $102.00 target price on the stock, down from their prior target price of $105.00. Scotiabank's target price suggests a potential upside of 9.85% from the company's current price.

A number of other equities research analysts have also issued reports on the stock. Barclays decreased their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 26th. BMO Capital Markets lifted their target price on shares of American Electric Power from $104.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. Evercore ISI decreased their target price on shares of American Electric Power from $97.00 to $96.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company decreased their target price on shares of American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Finally, Jefferies Financial Group began coverage on shares of American Electric Power in a research note on Friday, September 20th. They set a "hold" rating and a $107.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $97.13.

American Electric Power Trading Down 0.8 %

American Electric Power stock traded down $0.78 during midday trading on Thursday, reaching $92.85. The stock had a trading volume of 1,982,274 shares, compared to its average volume of 3,102,980. The firm's fifty day simple moving average is $97.82 and its two-hundred day simple moving average is $96.05. The firm has a market cap of $49.41 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.77 and a beta of 0.55. American Electric Power has a twelve month low of $75.22 and a twelve month high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp lifted its position in American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC raised its position in shares of American Electric Power by 2.9% during the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock valued at $1,280,655,000 after buying an additional 352,588 shares during the last quarter. FMR LLC raised its position in shares of American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company's stock valued at $704,549,000 after buying an additional 1,087,163 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of American Electric Power by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company's stock valued at $466,191,000 after buying an additional 341,846 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after buying an additional 1,962,125 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.