American Electric Power (NASDAQ:AEP - Get Free Report) had its price objective lifted by analysts at BMO Capital Markets from $111.00 to $115.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price target would indicate a potential upside of 7.74% from the stock's previous close.
Other equities analysts have also issued research reports about the company. 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 note on Thursday, March 20th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Bank of America increased 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $101.69.
View Our Latest Report on AEP
American Electric Power Price Performance
Shares of American Electric Power stock traded up $0.04 during trading on Monday, hitting $106.74. 2,853,430 shares of the company's stock traded hands, compared to its average volume of 3,164,842. American Electric Power has a twelve month low of $85.70 and a twelve month high of $110.48. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market cap of $56.97 billion, a PE ratio of 19.06, a PEG ratio of 2.97 and a beta of 0.43. The firm's fifty day moving average price is $105.38 and its 200 day moving average price is $99.73.
American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results 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 quarter in the prior year, the firm posted $1.23 earnings per share. Analysts forecast that American Electric Power will post 5.87 earnings per share for the current year.
Institutional Trading of American Electric Power
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEP. Vanguard Group Inc. increased its position in shares of American Electric Power by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock worth $4,767,425,000 after acquiring an additional 763,813 shares in the last quarter. GQG Partners LLC boosted its stake in American Electric Power by 3.7% during the 4th quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock valued at $1,389,032,000 after purchasing an additional 543,054 shares during the last quarter. Geode Capital Management LLC increased its holdings in American Electric Power by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company's stock worth $1,178,174,000 after purchasing an additional 283,311 shares in the last quarter. Invesco Ltd. raised its stake in shares of American Electric Power by 9.1% in the fourth quarter. Invesco Ltd. now owns 8,603,600 shares of the company's stock worth $793,510,000 after purchasing an additional 716,229 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of American Electric Power by 1.2% in the fourth quarter. Royal Bank of Canada now owns 7,047,428 shares of the company's stock valued at $649,983,000 after purchasing an additional 85,756 shares in the last quarter. 75.24% of the stock is owned by institutional investors.
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.
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