Barclays Has Lowered Expectations for American Electric Power (NASDAQ:AEP) Stock Price

American Electric Power (NASDAQ:AEP) had its price objective lowered by investment analysts at Barclays from $100.00 to $99.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 0.89% from the stock’s previous close.

A number of other brokerages have also issued reports on AEP. Bank of America lifted their target price 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. Wells Fargo & Company lowered their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Morgan Stanley lowered their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, Evercore ISI lowered their target price 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $97.93.

American Electric Power Stock Up 0.6 %

Shares of NASDAQ AEP opened at $99.89 on Tuesday. American Electric Power has a 1 year low of $75.22 and a 1 year high of $105.18. The firm has a market cap of $53.15 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.83 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The stock’s 50-day simple moving average is $98.81 and its 200-day simple moving average is $95.67.

Institutional Investors Weigh In On American Electric Power

A number of institutional investors have recently added to or reduced their stakes in AEP. HHM Wealth Advisors LLC lifted its position in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in American Electric Power during the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power during the 3rd quarter valued at $33,000. LRI Investments LLC raised its stake in American Electric Power by 935.9% during the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares during the period. Finally, Briaud Financial Planning Inc raised its stake 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 purchasing an additional 150 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.