American Electric Power (NASDAQ:AEP) Price Target Increased to $84.00 by Analysts at Barclays

American Electric Power (NASDAQ:AEP) had its price target hoisted by Barclays from $83.00 to $84.00 in a research report report published on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on AEP. Cfra restated a buy rating and issued a $92.00 price objective (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Mizuho lowered shares of American Electric Power from a buy rating to a neutral rating and set a $83.00 price objective on the stock. in a report on Thursday, January 11th. StockNews.com lowered shares of American Electric Power from a hold rating to a sell rating in a report on Friday, March 15th. Guggenheim lowered shares of American Electric Power from a buy rating to a neutral rating and set a $81.00 price objective on the stock. in a report on Monday, January 22nd. Finally, UBS Group lowered shares of American Electric Power from a neutral rating to a sell rating and reduced their target price for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $86.08.

American Electric Power Stock Performance

NASDAQ:AEP opened at $82.56 on Monday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $43.48 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.81 and a beta of 0.51. The company’s 50-day moving average is $82.75 and its two-hundred day moving average is $79.87. American Electric Power has a 1-year low of $69.38 and a 1-year high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Analysts forecast that American Electric Power will post 5.54 EPS for the current year.

Institutional Investors Weigh In On American Electric Power

A number of large investors have recently modified their holdings of the company. Fairfield Bush & CO. purchased a new position in shares of American Electric Power in the 1st quarter valued at $40,000. Westwood Holdings Group Inc. purchased a new position in shares of American Electric Power in the 1st quarter valued at $211,000. Cibc World Market Inc. grew its position in shares of American Electric Power by 13.1% in the 1st quarter. Cibc World Market Inc. now owns 30,809 shares of the company’s stock valued at $3,074,000 after buying an additional 3,558 shares during the last quarter. Sei Investments Co. grew its position in shares of American Electric Power by 17.7% in the 1st quarter. Sei Investments Co. now owns 205,440 shares of the company’s stock valued at $20,569,000 after buying an additional 30,836 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of American Electric Power by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 36,515 shares of the company’s stock valued at $3,643,000 after buying an additional 577 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.