BMO Capital Markets Boosts American Electric Power (NASDAQ:AEP) Price Target to $115.00

American Electric Power (NASDAQ:AEP - Get Free Report) had its price objective boosted by investment analysts at BMO Capital Markets from $111.00 to $115.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price objective suggests a potential upside of 8.37% from the stock's current price.

AEP has been the subject of several other research reports. Morgan Stanley raised their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Bank of America upped their price target on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of "Hold" and a consensus price target of $101.62.

American Electric Power Price Performance

NASDAQ:AEP traded down $0.90 during trading hours on Monday, reaching $106.12. 200,111 shares of the company were exchanged, compared to its average volume of 3,154,927. The business has a 50 day moving average of $105.19 and a 200 day moving average of $99.61. American Electric Power has a 1-year low of $84.31 and a 1-year high of $110.48. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market capitalization of $56.64 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted 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 net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the business posted $1.23 EPS. Research analysts forecast that American Electric Power will post 5.87 EPS for the current year.

Institutional Investors Weigh In On American Electric Power

Several large investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of American Electric Power in the fourth quarter valued at $25,000. EQ Wealth Advisors LLC bought a new stake in American Electric Power in the 1st quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new stake in American Electric Power during the fourth quarter valued at about $28,000. Bank of New Hampshire bought a new position in American Electric Power during the first quarter worth about $28,000. Finally, Fairway Wealth LLC purchased a new position in shares of American Electric Power in the fourth quarter worth about $32,000. Hedge funds and other institutional investors 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.