Analysts Set American Electric Power Company, Inc. (NASDAQ:AEP) Price Target at $99.92

American Electric Power Company, Inc. (NASDAQ:AEP) has been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $99.92.

AEP has been the subject of several analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Bank of America increased 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. Barclays dropped 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. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley increased their price objective on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AEP. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the 3rd quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power in the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new position in shares of American Electric Power in the 4th quarter worth approximately $28,000. Fairway Wealth LLC bought a new position in shares of American Electric Power in the 4th quarter worth approximately $32,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power in the 3rd quarter worth approximately $33,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP opened at $105.11 on Friday. The stock has a 50-day moving average price of $101.89 and a 200-day moving average price of $99.04. American Electric Power has a 12-month low of $79.16 and a 12-month high of $109.52. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $56.10 billion, a P/E ratio of 18.77, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate 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 in the previous year, the firm posted $1.23 earnings per share. Equities analysts predict that American Electric Power will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

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.