American Electric Power (NASDAQ:AEP) PT Raised to $88.00 at Barclays

American Electric Power (NASDAQ:AEP - Get Free Report) had its target price raised by research analysts at Barclays from $84.00 to $88.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential downside of 0.28% from the stock's previous close.

A number of other equities analysts have also commented on the stock. UBS Group lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and reduced their price target for the company from $86.00 to $83.00 in a research report on Monday, March 11th. LADENBURG THALM/SH SH downgraded American Electric Power from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Scotiabank raised their price target on American Electric Power from $86.00 to $90.00 and gave the company a "sector outperform" rating in a report on Wednesday. Mizuho lowered American Electric Power from a "buy" rating to a "neutral" rating and set a $83.00 price objective on the stock. in a research note on Thursday, January 11th. Finally, StockNews.com upgraded American Electric Power from a "sell" rating to a "hold" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $87.36.

American Electric Power Price Performance

Shares of AEP traded up $0.10 during mid-day trading on Thursday, reaching $88.25. The company had a trading volume of 2,672,464 shares, compared to its average volume of 3,776,599. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.36. The company has a market capitalization of $46.47 billion, a P/E ratio of 16.37, a P/E/G ratio of 3.02 and a beta of 0.50. American Electric Power has a twelve month low of $69.38 and a twelve month high of $92.88. The company's 50-day moving average is $83.85 and its 200-day moving average is $80.72.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the company posted $1.11 earnings per share. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that American Electric Power will post 5.58 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in shares of American Electric Power by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 308,763 shares of the company's stock worth $23,225,000 after buying an additional 14,593 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in American Electric Power by 1.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 128,825 shares of the company's stock valued at $9,690,000 after purchasing an additional 1,406 shares in the last quarter. Raymond James & Associates raised its holdings in American Electric Power by 2.6% in the third quarter. Raymond James & Associates now owns 1,199,436 shares of the company's stock worth $90,222,000 after purchasing an additional 30,336 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of American Electric Power by 13.7% during the third quarter. Stratos Wealth Partners LTD. now owns 23,718 shares of the company's stock worth $1,784,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of American Electric Power by 127.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,992 shares of the company's stock valued at $902,000 after buying an additional 6,731 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.