JPMorgan Chase & Co. Reiterates Neutral Rating for American Electric Power (NASDAQ:AEP)

American Electric Power (NASDAQ:AEP - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $102.00 target price on the stock, down from their previous target price of $109.00. JPMorgan Chase & Co.'s price objective indicates a potential upside of 9.85% from the stock's current price.

AEP has been the topic of a number of other reports. Morgan Stanley dropped their price target on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Bank of America upped their target price on American Electric Power from $97.00 to $98.00 and gave the company an "underperform" rating in a report on Thursday, August 29th. Jefferies Financial Group started coverage on American Electric Power in a report on Friday, September 20th. They set a "hold" rating and a $107.00 price target on the stock. BMO Capital Markets upped their price objective on American Electric Power from $104.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. Finally, UBS Group lifted their target price on American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $97.13.

American Electric Power Stock Down 0.8 %

AEP traded down $0.78 during midday trading on Thursday, reaching $92.85. 1,979,764 shares of the company were exchanged, compared to its average volume of 3,102,970. The company has a market cap of $49.41 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.77 and a beta of 0.55. American Electric Power has a one year low of $75.22 and a one year high of $105.18. The company's fifty day moving average price is $97.82 and its 200 day moving average price is $96.05. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57.

Hedge Funds Weigh In On American Electric Power

Large investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC grew its stake in American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the third quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the third quarter worth $33,000. LRI Investments LLC boosted its stake in American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company's stock valued at $35,000 after buying an additional 365 shares during the period. Finally, Briaud Financial Planning Inc grew its position in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock worth $38,000 after buying an additional 150 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

About American Electric Power

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.