American Electric Power Company, Inc. (NASDAQ:AEP) Receives $100.77 Average PT from Brokerages

American Electric Power Company, Inc. (NASDAQ:AEP) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $100.77.

A number of analysts recently weighed in on AEP shares. Morgan Stanley boosted their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America raised their price objective on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $107.71 on Tuesday. The company’s fifty day moving average price is $104.76 and its 200-day moving average price is $99.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market capitalization of $57.48 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.97 and a beta of 0.43. American Electric Power has a one year low of $80.77 and a one year high of $110.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the business earned $1.23 EPS. On average, equities research analysts anticipate that American Electric Power will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s payout ratio is presently 66.43%.

Institutional Investors Weigh In On American Electric Power

A number of large investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power in the 4th quarter worth $25,000. Fourth Dimension Wealth LLC bought a new stake in American Electric Power in the 4th quarter valued at $28,000. Bank of New Hampshire purchased a new stake in American Electric Power in the 1st quarter worth $28,000. Fairway Wealth LLC bought a new position in shares of American Electric Power during the 4th quarter valued at about $32,000. Finally, Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the fourth quarter valued at approximately $35,000. 75.24% of the stock is currently owned by institutional investors.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.