American Electric Power (NASDAQ:AEP) Given New $99.00 Price Target at Barclays

American Electric Power (NASDAQ:AEP - Get Free Report) had its target price dropped by research analysts at Barclays from $100.00 to $99.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price indicates a potential downside of 0.33% from the company's current price.

A number of other equities analysts have also recently weighed in on AEP. Jefferies Financial Group began coverage on American Electric Power in a report on Friday, September 20th. They issued a "hold" rating and a $107.00 price target for the company. UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a research note on Thursday, November 7th. Scotiabank raised their price target on shares of American Electric Power from $99.00 to $108.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Wells Fargo & Company cut their price objective on shares of American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. Finally, Bank of America raised their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an "underperform" rating in a research report on Thursday, August 29th. 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $97.93.

American Electric Power Price Performance

Shares of NASDAQ AEP traded up $1.23 on Tuesday, hitting $99.33. The company's stock had a trading volume of 2,247,671 shares, compared to its average volume of 3,139,695. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a 50 day moving average of $98.97 and a 200-day moving average of $95.59. American Electric Power has a 12-month low of $75.22 and a 12-month high of $105.18. The company has a market capitalization of $52.86 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.82 and a beta of 0.55.

Institutional Trading of American Electric Power

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power during the third quarter worth about $25,000. HHM Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 103 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power during the third quarter worth $33,000. LRI Investments LLC boosted its stake in shares of American Electric Power by 935.9% in the second quarter. LRI Investments LLC now owns 404 shares of the company's stock valued at $35,000 after purchasing an additional 365 shares during the period. Finally, Briaud Financial Planning Inc grew its holdings in American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

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.