BMO Capital Markets Issues Pessimistic Forecast for American Electric Power (NASDAQ:AEP) Stock Price

American Electric Power (NASDAQ:AEP - Get Free Report) had its target price cut by analysts at BMO Capital Markets from $108.00 to $100.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 6.94% from the company's previous close.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley lowered their target price on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company dropped their price target on American Electric Power from $104.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. UBS Group increased their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a report on Thursday, November 7th. Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Jefferies Financial Group began coverage on shares of American Electric Power in a report on Friday, September 20th. They set a "hold" rating and a $107.00 target price on the stock. Two equities research 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, the company presently has an average rating of "Hold" and an average price target of $96.60.

American Electric Power Trading Up 1.4 %

Shares of American Electric Power stock traded up $1.25 during trading hours on Friday, hitting $93.51. The company's stock had a trading volume of 7,725,244 shares, compared to its average volume of 3,321,141. American Electric Power has a 12 month low of $75.22 and a 12 month high of $105.18. 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 company has a market capitalization of $49.76 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. The stock has a 50 day moving average of $94.72 and a 200 day moving average of $96.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC grew its stake in American Electric Power by 70.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 6,983 shares of the company's stock worth $613,000 after buying an additional 2,882 shares in the last quarter. Acadian Asset Management LLC purchased a new position in American Electric Power during the 2nd quarter valued at about $1,653,000. Ashton Thomas Private Wealth LLC bought a new stake in American Electric Power during the second quarter worth about $110,000. Headlands Technologies LLC bought a new stake in American Electric Power during the second quarter worth about $223,000. Finally, MGO One Seven LLC lifted its holdings in shares of American Electric Power by 3.7% during the second quarter. MGO One Seven LLC now owns 13,982 shares of the company's stock valued at $1,227,000 after purchasing an additional 494 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other 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.