American Electric Power (NYSE:AEP) had its price objective boosted by Morgan Stanley from $71.00 to $73.00 in a research note issued to investors on Monday. Morgan Stanley currently has an overweight rating on the utilities provider’s stock.
Several other equities analysts also recently issued reports on the company. JPMorgan Chase cut their price objective on American Electric Power from $70.00 to $69.00 and set a neutral rating for the company in a research report on Tuesday, April 10th. ValuEngine downgraded American Electric Power from a buy rating to a hold rating in a research report on Tuesday, December 26th. Guggenheim upgraded American Electric Power from a sell rating to a neutral rating in a research report on Tuesday, February 20th. SunTrust Banks set a $76.00 price objective on American Electric Power and gave the company a buy rating in a research report on Monday, March 19th. Finally, UBS assumed coverage on American Electric Power in a research report on Friday, February 2nd. They issued a buy rating and a $76.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. American Electric Power has a consensus rating of Buy and an average target price of $74.14.
American Electric Power stock opened at $68.27 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 1.06. The company has a market cap of $33,131.65, a P/E ratio of 18.55, a P/E/G ratio of 3.22 and a beta of 0.17. American Electric Power has a one year low of $63.32 and a one year high of $78.07.
Hedge funds have recently added to or reduced their stakes in the company. IFG Advisory LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $231,000. Icon Wealth Partners LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $117,000. Chicago Partners Investment Group LLC bought a new stake in shares of American Electric Power during the third quarter worth $113,000. Gradient Investments LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $167,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $182,000. Institutional investors own 71.70% of the company’s stock.
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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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