American Electric Power (NASDAQ:AEP - Get Free Report) had its price objective hoisted by research analysts at Barclays from $95.00 to $106.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target suggests a potential downside of 1.58% from the stock's current price.
AEP has been the topic of several other reports. Bank of America upped their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. BMO Capital Markets raised their price target on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Morgan Stanley upped their price target on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $101.62.
View Our Latest Research Report on American Electric Power
American Electric Power Stock Up 2.1 %
AEP stock traded up $2.17 during trading on Tuesday, reaching $107.70. 513,484 shares of the stock were exchanged, compared to its average volume of 3,157,780. The firm has a market cap of $57.48 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. American Electric Power has a twelve month low of $83.68 and a twelve month high of $110.48. The firm's 50 day moving average is $104.94 and its 200 day moving average is $99.50. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 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 in the prior year, the firm earned $1.23 earnings per share. As a group, research analysts forecast that American Electric Power will post 5.87 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of AEP. Bank of New Hampshire bought a new stake in shares of American Electric Power in the 1st quarter valued at approximately $28,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power in the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of American Electric Power during the fourth quarter worth approximately $28,000. Fairway Wealth LLC purchased a new position in American Electric Power during the 4th quarter worth $32,000. Finally, Kestra Investment Management LLC bought a new position in American Electric Power during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.
About American Electric Power
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.
While American Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
