Mizuho Boosts American Electric Power (NASDAQ:AEP) Price Target to $116.00

American Electric Power (NASDAQ:AEP) had its target price upped by analysts at Mizuho from $109.00 to $116.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential upside of 2.13% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Guggenheim raised their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Raymond James Financial started coverage on American Electric Power in a research note on Friday, June 13th. They set an “outperform” rating and a $115.00 price target on the stock. BMO Capital Markets raised their price objective on American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. Wells Fargo & Company upped their target price on American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Finally, Citigroup raised their price target on American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus target price of $111.29.

American Electric Power Stock Up 0.4%

AEP opened at $113.58 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.31 and a current ratio of 0.55. The company has a market cap of $60.74 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 3.00 and a beta of 0.40. American Electric Power has a one year low of $89.91 and a one year high of $114.38. The business’s fifty day moving average is $104.61 and its two-hundred day moving average is $103.95.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.25 EPS. Analysts anticipate that American Electric Power will post 5.87 EPS for the current fiscal year.

Insider Buying and Selling at American Electric Power

In related news, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the sale, the executive vice president directly owned 9,658 shares in the company, valued at approximately $991,683.44. This represents a 51.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Matthew Feinberg sold 8,058 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the transaction, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,314 shares of company stock valued at $3,508,293 in the last three months. Company insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On American Electric Power

Several institutional investors and hedge funds have recently modified their holdings of AEP. EQ Wealth Advisors LLC purchased a new position in American Electric Power in the 1st quarter worth approximately $25,000. Bank of New Hampshire acquired a new position in shares of American Electric Power during the first quarter worth $28,000. Advantage Trust Co boosted its stake in shares of American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Bayforest Capital Ltd purchased a new position in shares of American Electric Power in the first quarter valued at $31,000. Finally, Missouri Trust & Investment Co acquired a new stake in American Electric Power during the 2nd quarter valued at $31,000. Hedge funds and other 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.