American Electric Power (NASDAQ:AEP) Given a $116.00 Price Target at Mizuho

Key Points

• Mizuho raised the price target for American Electric Power from $109.00 to $116.00, indicating a potential upside of 2.43% from the current price.
• American Electric Power recently reported earnings of $1.43 per share, exceeding analyst estimates and showing an 11.1% year-over-year revenue increase.
• Current analyst ratings include one sell, eight holds, and five buys, with a consensus rating of "Hold" and an average target price of approximately $109.57.

American Electric Power (NASDAQ:AEP - Get Free Report) has been given a $116.00 price target by stock analysts at Mizuho in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a "neutral" rating on the stock. Mizuho's target price would indicate a potential upside of 2.13% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Morgan Stanley reduced their price objective on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. UBS Group upped their price objective on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a report on Friday, June 6th. Raymond James Financial assumed coverage on American Electric Power in a research note on Friday, June 13th. They set an "outperform" rating and a $115.00 target price for the company. Finally, Citigroup raised their target price on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of "Hold" and a consensus price target of $111.29.

American Electric Power Stock Performance

AEP stock opened at $113.58 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $60.74 billion, a P/E ratio of 16.61, a P/E/G ratio of 3.00 and a beta of 0.40. American Electric Power has a 12-month low of $89.91 and a 12-month high of $114.38. The stock's 50 day simple moving average is $104.61 and its 200 day simple moving average is $103.95.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. As a group, equities research analysts predict that American Electric Power will post 5.87 EPS for the current year.

Insider Buying and Selling at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the transaction, the executive vice president owned 10,274 shares of the company's stock, valued at $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Quinton S. Lies sold 10,141 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the transaction, the executive vice president directly owned 9,658 shares in the company, valued at $991,683.44. This trade represents a 51.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,314 shares of company stock worth $3,508,293 in the last 90 days. Company insiders own 0.07% of the company's stock.

Hedge Funds Weigh In On American Electric Power

Several hedge funds have recently added to or reduced their stakes in the stock. Eagle Strategies LLC increased its position in shares of American Electric Power by 1.7% during the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company's stock valued at $572,000 after acquiring an additional 94 shares during the last quarter. Clarius Group LLC increased its holdings in American Electric Power by 2.5% during the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock worth $433,000 after buying an additional 95 shares during the last quarter. McIlrath & Eck LLC increased its holdings in American Electric Power by 3.2% during the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock worth $344,000 after buying an additional 99 shares during the last quarter. Safeguard Investment Advisory Group LLC increased its holdings in American Electric Power by 4.3% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after buying an additional 100 shares during the last quarter. Finally, Advantage Trust Co grew its holdings in American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

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.