American Electric Power (NASDAQ:AEP) PT Raised to $99.00

American Electric Power (NASDAQ:AEP - Get Free Report) had its target price raised by investment analysts at BMO Capital Markets from $95.00 to $99.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 9.04% from the company's previous close.

A number of other brokerages also recently commented on AEP. Wells Fargo & Company increased their price target on American Electric Power from $84.00 to $89.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 1st. Cfra restated a "buy" rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Royal Bank of Canada raised their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd. StockNews.com upgraded shares of American Electric Power from a "sell" rating to a "hold" rating in a research note on Tuesday, May 7th. Finally, LADENBURG THALM/SH SH lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and an average target price of $88.43.

American Electric Power Stock Down 0.8 %

AEP traded down $0.73 during midday trading on Tuesday, hitting $90.79. The company had a trading volume of 2,467,355 shares, compared to its average volume of 3,680,289. The stock's 50 day moving average price is $85.03 and its 200 day moving average price is $81.73. American Electric Power has a 52 week low of $69.38 and a 52 week high of $92.35. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 2.83 and a beta of 0.50. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

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

Institutional Investors Weigh In On American Electric Power

Hedge funds and other institutional investors have recently made changes to their positions in the business. Frazier Financial Advisors LLC purchased a new position in American Electric Power in the 4th quarter worth approximately $26,000. Denali Advisors LLC purchased a new position in shares of American Electric Power in the first quarter worth $26,000. Rise Advisors LLC bought a new position in shares of American Electric Power during the first quarter worth $27,000. YHB Investment Advisors Inc. purchased a new position in American Electric Power during the first quarter valued at $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in American Electric Power in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

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.