American Electric Power (NASDAQ:AEP) Stock Price Expected to Rise, UBS Group Analyst Says

American Electric Power (NASDAQ:AEP) had its price target hoisted by research analysts at UBS Group from $91.00 to $95.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s price target indicates a potential downside of 1.28% from the stock’s current price.

Several other brokerages have also commented on AEP. Evercore ISI cut their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday. Morgan Stanley upped their price objective on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. boosted their target price on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Bank of America upped their price objective on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Finally, Jefferies Financial Group assumed coverage on American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.93.

American Electric Power Trading Down 0.0 %

Shares of AEP stock traded down $0.02 during trading hours on Thursday, reaching $96.23. The company’s stock had a trading volume of 522,205 shares, compared to its average volume of 3,143,143. The stock has a market capitalization of $51.21 billion, a P/E ratio of 19.18, a P/E/G ratio of 2.78 and a beta of 0.55. American Electric Power has a one year low of $74.97 and a one year high of $105.18. The firm’s fifty day simple moving average is $100.71 and its 200 day simple moving average is $94.77. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, November 6th. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.39 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. Equities research analysts expect that American Electric Power will post 5.6 EPS for the current year.

Institutional Trading of American Electric Power

Several hedge funds have recently modified their holdings of AEP. HHM Wealth Advisors LLC grew its holdings in shares of American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. LRI Investments LLC lifted its position in American Electric Power by 935.9% in the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares during the period. Briaud Financial Planning Inc lifted its position in American Electric Power by 52.1% in the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares during the period. Naples Money Management LLC acquired a new stake in American Electric Power in the second quarter valued at about $44,000. Finally, Opal Wealth Advisors LLC acquired a new stake in American Electric Power in the second quarter valued at about $48,000. 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.