American Electric Power Company, Inc. (NASDAQ:AEP) Receives Average Rating of “Hold” from Brokerages

Shares of American Electric Power Company, Inc. (NASDAQ:AEP) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $101.08.

AEP has been the topic of several analyst reports. Morgan Stanley upped their price target on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Bank of America boosted 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. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets boosted their target price on American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday.

Institutional Trading of American Electric Power

Several hedge funds and other institutional investors have recently bought and sold shares of AEP. Clarius Group LLC raised its stake in shares of American Electric Power by 2.5% during the first quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock worth $433,000 after acquiring an additional 95 shares in the last quarter. Safeguard Investment Advisory Group LLC boosted its position in American Electric Power by 4.3% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company’s stock valued at $223,000 after buying an additional 100 shares during the period. Marcum Wealth LLC grew its stake in shares of American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company’s stock valued at $379,000 after buying an additional 101 shares during the last quarter. SouthState Corp increased its holdings in shares of American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after buying an additional 102 shares during the period. Finally, Ascent Group LLC increased its holdings in shares of American Electric Power by 0.4% in the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company’s stock worth $2,572,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $105.53 on Tuesday. The firm has a market cap of $56.32 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The company’s 50 day moving average is $104.94 and its 200-day moving average is $99.50. American Electric Power has a 12-month low of $83.68 and a 12-month high of $110.48.

American Electric Power (NASDAQ:AEP) last issued its 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 quarter in the previous year, the business posted $1.23 EPS. Sell-side analysts predict that American Electric Power will post 5.87 earnings per share for the current year.

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.