American Electric Power (NASDAQ:AEP) Price Target Raised to $114.00

American Electric Power (NASDAQ:AEP) had its target price upped by Bank of America from $108.00 to $114.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on AEP. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Barclays decreased their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. BMO Capital Markets decreased their target price on shares of 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. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $99.23.

American Electric Power Trading Up 0.1 %

AEP opened at $105.99 on Tuesday. American Electric Power has a 1-year low of $79.16 and a 1-year 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 company has a market cap of $56.52 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The company has a fifty day moving average price of $101.11 and a two-hundred day moving average price of $98.95.

American Electric Power (NASDAQ:AEP) last posted its quarterly 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 net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the company earned $1.23 earnings per share. Analysts predict that American Electric Power will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

Institutional Investors Weigh In On American Electric Power

A number of institutional investors have recently added to or reduced their stakes in the company. 111 Capital purchased a new position in American Electric Power in the fourth quarter valued at about $347,000. Thoma Capital Management LLC purchased a new position in American Electric Power in the fourth quarter valued at about $743,000. NorthCrest Asset Manangement LLC boosted its stake in American Electric Power by 0.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 23,207 shares of the company’s stock valued at $2,140,000 after acquiring an additional 158 shares during the last quarter. Anchor Pointe Wealth Management LLC purchased a new position in American Electric Power in the fourth quarter valued at about $229,000. Finally, SpringVest Wealth Management LLC purchased a new position in American Electric Power in the fourth quarter valued at about $3,204,000. 75.24% of the stock is owned by institutional investors.

About American Electric Power

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.