American Electric Power (NASDAQ:AEP) Price Target Raised to $95.00

American Electric Power (NASDAQ:AEP) had its price objective raised by UBS Group from $91.00 to $95.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a sell rating on the stock.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group assumed coverage on shares of American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 target price for the company. BMO Capital Markets lifted their price objective on shares of American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Guggenheim lifted their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Wells Fargo & Company dropped their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.27.

American Electric Power Stock Performance

Shares of AEP opened at $96.40 on Thursday. American Electric Power has a 12 month low of $74.97 and a 12 month high of $105.18. The firm has a fifty day simple moving average of $100.51 and a 200 day simple moving average of $94.87. The stock has a market capitalization of $51.30 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.74 and a beta of 0.55. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.47.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be given a $0.93 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.86%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is 70.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC increased its stake in American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. LRI Investments LLC increased its stake in American Electric Power by 935.9% during the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares in the last quarter. Briaud Financial Planning Inc increased its stake in American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Naples Money Management LLC bought a new stake in American Electric Power during the 2nd quarter valued at $44,000. Finally, Opal Wealth Advisors LLC bought a new stake in American Electric Power during the 2nd quarter valued at $48,000. Institutional investors and hedge funds 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.