American Electric Power (NASDAQ:AEP) Earns “Neutral” Rating from JPMorgan Chase & Co.

American Electric Power (NASDAQ:AEP)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a report released on Thursday, Marketbeat.com reports. They currently have a $102.00 price objective on the stock, down from their prior price objective of $109.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 10.02% from the company’s previous close.

A number of other research analysts also recently issued reports on AEP. Evercore ISI dropped their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. UBS Group increased their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. BMO Capital Markets raised their price objective on shares of American Electric Power from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Barclays dropped their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Finally, Bank of America lifted their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power has an average rating of “Hold” and a consensus target price of $97.13.

American Electric Power Stock Down 0.2 %

American Electric Power stock opened at $92.71 on Thursday. The firm has a 50 day moving average price of $97.50 and a two-hundred day moving average price of $96.06. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power has a 52-week low of $75.22 and a 52-week high of $105.18. The firm has a market cap of $49.33 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.70 and a beta of 0.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. Geode Capital Management LLC raised its position in shares of American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock valued at $1,280,655,000 after purchasing an additional 352,588 shares during the period. FMR LLC lifted its stake in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after buying an additional 1,087,163 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in American Electric Power by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock worth $466,191,000 after buying an additional 341,846 shares during the period. Finally, Janus Henderson Group PLC grew its stake in American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares in the last quarter. 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.