American Electric Power (NASDAQ:AEP) Price Target Lowered to $104.00 at BMO Capital Markets

American Electric Power (NASDAQ:AEP - Get Free Report) had its price objective cut by equities researchers at BMO Capital Markets from $111.00 to $104.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price target points to a potential upside of 7.96% from the company's previous close.

Several other equities research analysts have also recently weighed in on the stock. Scotiabank boosted 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 report on Tuesday, August 20th. Barclays boosted their target price on shares of American Electric Power from $96.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Wells Fargo & Company decreased their target price on shares of American Electric Power from $104.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Thursday. UBS Group lifted their price target on American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a research report on Thursday. Finally, Guggenheim upped their price objective on American Electric Power from $81.00 to $83.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $98.27.

American Electric Power Price Performance

Shares of NASDAQ:AEP traded up $0.08 during midday trading on Thursday, reaching $96.33. 3,503,436 shares of the company were exchanged, compared to its average volume of 2,641,917. The stock has a market cap of $51.26 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.81 and a beta of 0.55. The business's fifty day moving average is $100.66 and its two-hundred day moving average is $94.78. American Electric Power has a one year low of $74.97 and a one year high of $105.18. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53.

Institutional Trading of American Electric Power

Several large investors have recently made changes to their positions in AEP. Norden Group LLC purchased a new position in American Electric Power during the first quarter valued at approximately $419,000. Empirical Finance LLC lifted its stake in shares of American Electric Power by 3.6% in the 1st quarter. Empirical Finance LLC now owns 18,420 shares of the company's stock valued at $1,586,000 after purchasing an additional 641 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in American Electric Power by 6.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 65,703 shares of the company's stock worth $5,657,000 after buying an additional 3,845 shares in the last quarter. Quantbot Technologies LP acquired a new stake in American Electric Power during the first quarter valued at $1,731,000. Finally, Empowered Funds LLC increased its holdings in American Electric Power by 47.6% in the first quarter. Empowered Funds LLC now owns 33,687 shares of the company's stock valued at $2,900,000 after buying an additional 10,868 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Company Profile

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.