American Electric Power (NASDAQ:AEP) Price Target Raised to $113.00 at Morgan Stanley

American Electric Power (NASDAQ:AEP) had its target price lifted by equities researchers at Morgan Stanley from $108.00 to $113.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 6.69% from the stock’s previous close.

AEP has been the subject of a number of other research reports. BMO Capital Markets cut their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Barclays cut their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Bank of America increased 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus target price of $99.92.

American Electric Power Stock Performance

Shares of NASDAQ AEP traded up $0.08 during midday trading on Thursday, hitting $105.92. The company’s stock had a trading volume of 346,739 shares, compared to its average volume of 2,752,387. The stock has a fifty day moving average price of $101.38 and a 200 day moving average price of $99.00. American Electric Power has a one year low of $79.16 and a one year high of $109.52. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $56.48 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting 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 last year, the firm posted $1.23 EPS. On average, research analysts forecast that American Electric Power will post 5.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AEP. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the 3rd quarter worth about $25,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new position in shares of American Electric Power in the 4th quarter worth about $28,000. Fairway Wealth LLC bought a new position in shares of American Electric Power in the 4th quarter worth about $32,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power during the 3rd quarter valued at about $33,000. 75.24% of the stock is currently owned by institutional investors.

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.