American Electric Power (NASDAQ:AEP - Get Free Report) had its price objective reduced by research analysts at Evercore ISI from $97.00 to $96.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's target price would suggest a potential downside of 0.34% from the company's current price.
AEP has been the subject of several other research reports. Bank of America upped their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an "underperform" rating in a report on Thursday, August 29th. Wells Fargo & Company upped their target price on shares of American Electric Power from $98.00 to $104.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Scotiabank upped their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Guggenheim upped their target price on shares of American Electric Power from $81.00 to $83.00 and gave the stock a "neutral" rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group assumed coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a "hold" rating and a $107.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power presently has an average rating of "Hold" and an average target price of $98.27.
Read Our Latest Research Report on American Electric Power
American Electric Power Stock Performance
AEP traded up $0.08 during mid-day trading on Thursday, reaching $96.33. 3,119,558 shares of the company traded hands, compared to its average volume of 3,155,167. The stock has a market capitalization of $51.26 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.78 and a beta of 0.55. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The company's fifty day moving average price is $100.66 and its 200-day moving average price is $94.78. American Electric Power has a 52-week low of $74.97 and a 52-week high of $105.18.
American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.07. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.39 billion. On average, sell-side analysts expect that American Electric Power will post 5.6 EPS for the current year.
Institutional Trading of American Electric Power
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its stake in American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock worth $25,000 after acquiring an additional 103 shares in the last quarter. LRI Investments LLC bought a new position in American Electric Power in the 1st quarter worth about $37,000. Briaud Financial Planning Inc grew its stake in American Electric Power by 52.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock worth $38,000 after acquiring an additional 150 shares in the last quarter. Reston Wealth Management LLC bought a new position in American Electric Power in the 3rd quarter worth about $48,000. Finally, Friedenthal Financial bought a new position in American Electric Power in the 3rd quarter worth about $50,000. 75.24% of the stock is owned by hedge funds and other institutional investors.
American Electric Power Company Profile
(
Get Free Report)
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.
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