Barclays Issues Pessimistic Forecast for American Electric Power (NASDAQ:AEP) Stock Price

American Electric Power (NASDAQ:AEP) had its price objective decreased by investment analysts at Barclays from $100.00 to $99.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 0.92% from the stock’s current price.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. increased their target price on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group assumed coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. BMO Capital Markets dropped their price objective on shares of American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Evercore ISI reduced their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley dropped their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.93.

American Electric Power Stock Up 0.5 %

Shares of NASDAQ AEP opened at $98.10 on Tuesday. American Electric Power has a 52-week low of $75.22 and a 52-week high of $105.18. The business’s 50 day moving average is $98.97 and its two-hundred day moving average is $95.59. The firm has a market cap of $52.20 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.82 and a beta of 0.55. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

Institutional Investors Weigh In On American Electric Power

Several large investors have recently made changes to their positions in the company. OLD National Bancorp IN increased its stake in American Electric Power by 14.4% during the 2nd quarter. OLD National Bancorp IN now owns 120,489 shares of the company’s stock worth $10,572,000 after purchasing an additional 15,138 shares in the last quarter. MainStreet Investment Advisors LLC lifted its holdings in shares of American Electric Power by 13.2% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 42,517 shares of the company’s stock worth $3,730,000 after acquiring an additional 4,971 shares during the period. Assenagon Asset Management S.A. grew its position in American Electric Power by 1,140.5% in the second quarter. Assenagon Asset Management S.A. now owns 456,686 shares of the company’s stock valued at $40,070,000 after acquiring an additional 419,870 shares during the last quarter. New England Asset Management Inc. bought a new stake in shares of American Electric Power during the third quarter worth $3,404,000. Finally, ING Groep NV boosted its stake in shares of American Electric Power by 244.3% during the third quarter. ING Groep NV now owns 294,515 shares of the company’s stock valued at $30,217,000 after purchasing an additional 208,974 shares in the last quarter. Institutional investors 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.