American Electric Power (NASDAQ:AEP) Price Target Raised to $84.00 at Barclays

American Electric Power (NASDAQ:AEP) had its target price hoisted by stock analysts at Barclays from $83.00 to $84.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 5.65% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Cfra reissued a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Monday, January 22nd. StockNews.com cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $86.00 to $83.00 in a research note on Monday, March 11th. Finally, BMO Capital Markets lifted their target price on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.15.

American Electric Power Stock Down 1.7 %

AEP opened at $79.51 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average price of $82.54 and a 200-day moving average price of $79.85. American Electric Power has a twelve month low of $69.38 and a twelve month high of $94.73. The stock has a market capitalization of $41.87 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.90 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts forecast that American Electric Power will post 5.54 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fairfield Bush & CO. purchased a new stake in shares of American Electric Power during the second quarter worth approximately $26,000. FSC Wealth Advisors LLC boosted its holdings in shares of American Electric Power by 222.0% in the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $26,000 after acquiring an additional 242 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $26,000. Penserra Capital Management LLC acquired a new stake in shares of American Electric Power during the first quarter worth $27,000. Finally, Rise Advisors LLC acquired a new stake in shares of American Electric Power during the first quarter worth $27,000. Institutional investors and hedge funds 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.