BMO Capital Markets Boosts American Electric Power (NASDAQ:AEP) Price Target to $111.00

American Electric Power (NASDAQ:AEP) had its price objective raised by BMO Capital Markets from $107.00 to $111.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 5.56% from the company’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley upped their target price on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Barclays dropped 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 report on Tuesday, November 26th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $100.77.

American Electric Power Trading Up 1.2 %

NASDAQ:AEP opened at $105.15 on Wednesday. American Electric Power has a 1 year low of $79.16 and a 1 year high of $109.52. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a fifty day moving average price of $102.58 and a two-hundred day moving average price of $99.13. The stock has a market capitalization of $56.12 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 firm posted $1.23 earnings per share. As a group, sell-side analysts anticipate that American Electric Power will post 5.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fire Capital Management LLC acquired a new position in American Electric Power in the fourth quarter valued at $464,000. 111 Capital purchased a new stake in shares of American Electric Power during the 4th quarter worth about $347,000. Thoma Capital Management LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth about $743,000. NorthCrest Asset Manangement LLC increased its position in American Electric Power by 0.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 23,207 shares of the company’s stock worth $2,140,000 after purchasing an additional 158 shares in the last quarter. Finally, Anchor Pointe Wealth Management LLC purchased a new position in American Electric Power in the fourth quarter valued at approximately $229,000. 75.24% of the stock is currently 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.