American Electric Power’s (AEP) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

American Electric Power (NASDAQ:AEP)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a $102.00 price objective on the stock, down from their prior price objective of $109.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.02% from the company’s previous close.

A number of other brokerages also recently issued reports on AEP. Bank of America increased their price objective on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. BMO Capital Markets raised their price target on American Electric Power from $104.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. 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, November 7th. Wells Fargo & Company lowered their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on shares of American Electric Power in a research note on Friday, September 20th. They issued a “hold” rating and a $107.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $97.13.

American Electric Power Stock Performance

NASDAQ AEP opened at $92.71 on Thursday. The company’s 50 day simple moving average is $97.50 and its two-hundred day simple moving average is $96.06. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. American Electric Power has a 1 year low of $75.22 and a 1 year high of $105.18. The stock has a market capitalization of $49.33 billion, a PE ratio of 18.58, a P/E/G ratio of 2.70 and a beta of 0.55.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AEP. HHM Wealth Advisors LLC grew its position in American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $33,000. LRI Investments LLC increased its stake in shares of American Electric Power by 935.9% in the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after buying an additional 365 shares during the period. Finally, Briaud Financial Planning Inc raised its holdings 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 buying an additional 150 shares during the last quarter. Hedge funds and other 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.