American Electric Power (NASDAQ:AEP) Given New $114.00 Price Target at Bank of America

American Electric Power (NASDAQ:AEP - Get Free Report) had its target price boosted by investment analysts at Bank of America from $108.00 to $114.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's price target would suggest a potential upside of 8.46% from the stock's previous close.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Barclays lowered their price objective on 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. Finally, Morgan Stanley lowered their price objective on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $99.92.

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American Electric Power Stock Down 1.0 %

NASDAQ:AEP traded down $1.10 on Tuesday, hitting $105.11. The stock had a trading volume of 5,649,156 shares, compared to its average volume of 2,761,226. The business's fifty day moving average is $101.89 and its 200 day moving average is $99.08. The company has a market cap of $56.10 billion, a PE ratio of 18.77, a P/E/G ratio of 2.97 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power has a 52 week low of $79.16 and a 52 week high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period last year, the company earned $1.23 EPS. On average, equities research analysts expect that American Electric Power will post 5.87 EPS for the current fiscal year.

Institutional Trading of American Electric Power

A number of large investors have recently bought and sold shares of the company. Safeguard Investment Advisory Group LLC boosted its holdings in shares of American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after acquiring an additional 100 shares during the period. SouthState Corp boosted its holdings in shares of American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock worth $610,000 after acquiring an additional 102 shares during the period. Ascent Group LLC boosted its holdings in shares of American Electric Power by 0.4% in the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock worth $2,572,000 after acquiring an additional 102 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of American Electric Power by 2.3% in the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock worth $418,000 after acquiring an additional 103 shares during the period. Finally, PSI Advisors LLC boosted its holdings in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock worth $103,000 after acquiring an additional 107 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.