American Electric Power (NASDAQ:AEP - Free Report) had its price target raised by Morgan Stanley from $108.00 to $113.00 in a research report report published on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets lowered their target price on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $99.92.
Check Out Our Latest Report on AEP
American Electric Power Stock Performance
AEP traded down $0.93 during midday trading on Thursday, reaching $104.18. The company had a trading volume of 2,616,542 shares, compared to its average volume of 2,762,206. The business has a 50-day moving average of $102.08 and a two-hundred day moving average of $99.05. 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 1 year low of $79.16 and a 1 year high of $109.52. The company has a market cap of $55.60 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.97 and a beta of 0.50.
American Electric Power (NASDAQ:AEP - Get Free Report) last released its 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 period last year, the business posted $1.23 earnings per share. As a group, equities research analysts predict that American Electric Power will post 5.87 earnings per share for the current fiscal year.
American Electric Power Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio is 66.43%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power in the 3rd quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ bought a new stake in American Electric Power in the fourth quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new position in American Electric Power during the fourth quarter worth $28,000. Fairway Wealth LLC bought a new position in American Electric Power during the fourth quarter valued at $32,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the third quarter valued at $33,000. Hedge funds and other institutional investors own 75.24% of the company's stock.
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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