American Electric Power’s (AEP) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of American Electric Power (NASDAQ:AEP) in a report issued on Thursday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has a $102.00 target price on the stock, down from their previous target price of $109.00.

Several other research firms have also recently weighed in on AEP. BMO Capital Markets increased their price target on shares of American Electric Power from $104.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Barclays reduced their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. UBS Group increased their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price objective on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $97.13.

American Electric Power Stock Down 0.2 %

Shares of AEP opened at $92.71 on Thursday. American Electric Power has a 52-week low of $75.22 and a 52-week high of $105.18. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a fifty day simple moving average of $97.50 and a two-hundred day simple moving average of $96.11. The company has a market capitalization of $49.33 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.55.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were paid a $0.93 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 4.01%. American Electric Power’s payout ratio is 74.55%.

Institutional Investors Weigh In On American Electric Power

Large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of American Electric Power during the third quarter worth about $589,000. Sfmg LLC acquired a new position in American Electric Power during the 3rd quarter worth approximately $221,000. World Investment Advisors LLC grew its holdings in American Electric Power by 127.8% during the 3rd quarter. World Investment Advisors LLC now owns 5,539 shares of the company’s stock worth $568,000 after acquiring an additional 3,108 shares in the last quarter. Tudor Financial Inc. purchased a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $1,331,000. Finally, Chelsea Counsel Co. raised its holdings in shares of American Electric Power by 46.1% in the 3rd quarter. Chelsea Counsel Co. now owns 1,110 shares of the company’s stock valued at $114,000 after purchasing an additional 350 shares in the last quarter. 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.