Morgan Stanley Increases American Electric Power (NASDAQ:AEP) Price Target to $108.00

American Electric Power (NASDAQ:AEP) had its price target hoisted by stock analysts at Morgan Stanley from $102.00 to $108.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 7.21% from the stock’s current price.

A number of other analysts also recently issued reports on AEP. JPMorgan Chase & Co. raised their price target on American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Guggenheim increased their target price on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Jefferies Financial Group began coverage on American Electric Power in a research note on Friday, September 20th. They issued a “hold” rating and a $107.00 target price on the stock. Barclays increased their target price on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and increased their target price for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power has an average rating of “Hold” and an average target price of $96.43.

American Electric Power Trading Down 0.4 %

Shares of AEP opened at $100.74 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The firm has a market cap of $53.61 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.93 and a beta of 0.54. American Electric Power has a 1 year low of $69.38 and a 1 year high of $105.18. The company has a 50 day simple moving average of $99.54 and a two-hundred day simple moving average of $91.44.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. On average, equities analysts expect that American Electric Power will post 5.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Electric Power

Institutional investors have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC boosted its holdings in American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Denali Advisors LLC acquired a new stake in American Electric Power in the first quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of American Electric Power during the first quarter worth about $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of American Electric Power during the first quarter worth about $29,000. Finally, LRI Investments LLC acquired a new stake in shares of American Electric Power during the first quarter worth about $37,000. Institutional investors and hedge funds 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.