American Electric Power Company, Inc. (NASDAQ:AEP) Given Average Recommendation of “Hold” by Analysts

American Electric Power Company, Inc. (NASDAQ:AEPGet Free Report) has received an average rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $98.00.

Several research firms have issued reports on AEP. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. BMO Capital Markets reduced their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

View Our Latest Research Report on American Electric Power

American Electric Power Price Performance

AEP opened at $98.05 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The stock has a market capitalization of $52.17 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.77 and a beta of 0.56. The company’s 50-day simple moving average is $95.06 and its two-hundred day simple moving average is $97.47. American Electric Power has a 52-week low of $75.22 and a 52-week high of $105.18.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is 74.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avestar Capital LLC boosted its stake in American Electric Power by 3.3% in the 4th quarter. Avestar Capital LLC now owns 4,832 shares of the company’s stock worth $446,000 after purchasing an additional 154 shares during the period. Van ECK Associates Corp boosted its stake in American Electric Power by 9.3% in the 4th quarter. Van ECK Associates Corp now owns 159,725 shares of the company’s stock worth $14,731,000 after purchasing an additional 13,635 shares during the period. Retirement Guys Formula LLC boosted its stake in American Electric Power by 13.3% in the 4th quarter. Retirement Guys Formula LLC now owns 8,783 shares of the company’s stock worth $810,000 after purchasing an additional 1,034 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in American Electric Power by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock worth $427,009,000 after purchasing an additional 100,578 shares during the period. Finally, Avidian Wealth Enterprises LLC bought a new position in shares of American Electric Power during the 4th quarter valued at approximately $372,000. 75.24% of the stock is currently owned by institutional investors.

About American Electric Power

(Get Free Report

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.

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Analyst Recommendations for American Electric Power (NASDAQ:AEP)

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