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

American Electric Power (NASDAQ:AEP) had its price objective raised by equities researchers at Barclays from $84.00 to $88.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 0.68% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets lifted their target price on shares of American Electric Power from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. Cfra reaffirmed a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $75.50 to $73.00 in a research note on Friday, March 8th. Scotiabank upped their price objective on shares of American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Finally, Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.14.

American Electric Power Trading Up 0.4 %

Shares of American Electric Power stock opened at $88.60 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $83.97 and a 200-day simple moving average of $80.77. The stock has a market cap of $46.70 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 3.09 and a beta of 0.50. American Electric Power has a 12-month low of $69.38 and a 12-month high of $92.88.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data 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 company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. American Electric Power’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that American Electric Power will post 5.58 EPS for the current fiscal year.

Institutional Investors Weigh In On American Electric Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEP. Bogart Wealth LLC raised its holdings in American Electric Power by 7.8% in the first quarter. Bogart Wealth LLC now owns 1,650 shares of the company’s stock valued at $142,000 after buying an additional 119 shares during the period. Seelaus Asset Management LLC increased its position in shares of American Electric Power by 1.9% in the first quarter. Seelaus Asset Management LLC now owns 6,775 shares of the company’s stock worth $583,000 after acquiring an additional 125 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of American Electric Power by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock valued at $434,000 after acquiring an additional 130 shares during the period. Greenleaf Trust lifted its holdings in shares of American Electric Power by 1.5% during the 1st quarter. Greenleaf Trust now owns 8,638 shares of the company’s stock valued at $744,000 after acquiring an additional 130 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after purchasing an additional 131 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.