American Electric Power (NASDAQ:AEP) Price Target Raised to $106.00 at Barclays

American Electric Power (NASDAQ:AEP) had its price target lifted by Barclays from $95.00 to $106.00 in a report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also recently weighed in on AEP. Bank of America upped their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. BMO Capital Markets increased their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.62.

American Electric Power Trading Up 2.5 %

Shares of American Electric Power stock opened at $108.15 on Tuesday. The company has a market cap of $57.72 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.97 and a beta of 0.43. American Electric Power has a 1 year low of $84.28 and a 1 year high of $110.48. The company’s fifty day simple moving average is $105.09 and its 200-day simple moving average is $99.56. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the prior year, the business posted $1.23 EPS. As a group, sell-side analysts expect that American Electric Power will post 5.87 EPS for the current year.

Institutional Trading of American Electric Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of American Electric Power by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock worth $4,767,425,000 after acquiring an additional 763,813 shares during the period. GQG Partners LLC boosted its position in shares of American Electric Power by 3.7% in the fourth quarter. GQG Partners LLC now owns 15,060,525 shares of the company’s stock valued at $1,389,032,000 after acquiring an additional 543,054 shares during the period. Geode Capital Management LLC increased its position in American Electric Power by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company’s stock worth $1,178,174,000 after acquiring an additional 283,311 shares during the period. Invesco Ltd. raised its stake in American Electric Power by 9.1% in the 4th quarter. Invesco Ltd. now owns 8,603,600 shares of the company’s stock worth $793,510,000 after purchasing an additional 716,229 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in American Electric Power by 1.2% in the 4th quarter. Royal Bank of Canada now owns 7,047,428 shares of the company’s stock valued at $649,983,000 after purchasing an additional 85,756 shares during the period. Institutional investors 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.