Cfra Reaffirms “Buy” Rating for American Electric Power (NASDAQ:AEP)

American Electric Power (NASDAQ:AEPGet Free Report)‘s stock had its “buy” rating reiterated by Cfra in a research report issued on Tuesday, Benzinga reports. They currently have a $92.00 price target on the stock, up from their previous price target of $90.00. Cfra’s price objective points to a potential upside of 10.42% from the stock’s previous close.

A number of other research firms have also commented on AEP. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Thursday, January 11th. Morgan Stanley raised their price target on shares of American Electric Power from $93.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Barclays upped their price objective on shares of American Electric Power from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. BMO Capital Markets lifted their target price on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus price target of $88.50.

Get Our Latest Analysis on AEP

American Electric Power Price Performance

American Electric Power stock opened at $83.32 on Tuesday. The company has a market capitalization of $43.82 billion, a PE ratio of 19.60, a P/E/G ratio of 2.85 and a beta of 0.49. The company has a current ratio of 0.60, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average price of $80.24 and a two-hundred day moving average price of $78.62. American Electric Power has a 12 month low of $69.38 and a 12 month high of $96.05.

American Electric Power (NASDAQ:AEPGet Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a return on equity of 11.13% and a net margin of 11.64%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. Analysts expect that American Electric Power will post 5.55 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of American Electric Power by 7.6% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,327 shares of the company’s stock worth $785,000 after buying an additional 656 shares in the last quarter. Natixis Advisors L.P. grew its stake in American Electric Power by 25.5% in the 3rd quarter. Natixis Advisors L.P. now owns 339,453 shares of the company’s stock valued at $25,534,000 after purchasing an additional 68,906 shares during the period. Qsemble Capital Management LP purchased a new stake in shares of American Electric Power during the 3rd quarter valued at $1,128,000. Envestnet Asset Management Inc. boosted its holdings in shares of American Electric Power by 56.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,542,365 shares of the company’s stock worth $116,017,000 after buying an additional 559,538 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its position in American Electric Power by 13.3% during the second quarter. Personal CFO Solutions LLC now owns 5,043 shares of the company’s stock valued at $425,000 after buying an additional 592 shares during the period. Institutional investors own 74.68% of the company’s stock.

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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