American Electric Power (NASDAQ:AEP) Price Target Raised to $113.00 at Morgan Stanley

American Electric Power (NASDAQ:AEP) had its price target raised by Morgan Stanley from $108.00 to $113.00 in a research note published on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Barclays reduced their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average price target of $99.92.

American Electric Power Trading Down 1.0 %

Shares of AEP opened at $105.11 on Thursday. The business has a 50-day moving average of $101.89 and a 200 day moving average of $99.07. American Electric Power has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The firm has a market cap of $56.10 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, research analysts forecast that American Electric Power will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.54%. American Electric Power’s payout ratio is 66.43%.

Institutional Trading of American Electric Power

A number of hedge funds have recently bought and sold shares of AEP. Legacy Investment Solutions LLC bought a new stake in American Electric Power in the 3rd quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ bought a new stake in American Electric Power in the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in American Electric Power in the 4th quarter worth approximately $28,000. Fairway Wealth LLC bought a new stake in American Electric Power in the 4th quarter worth approximately $32,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in American Electric Power in the 3rd quarter worth approximately $33,000. 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.