American Electric Power Company, Inc. (NASDAQ:AEP) Given Consensus Rating of “Hold” by Analysts

Shares of American Electric Power Company, Inc. (NASDAQ:AEP) have been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $97.13.

Several equities analysts have recently commented on AEP shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday. Wells Fargo & Company dropped their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Morgan Stanley reduced their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Bank of America raised their price target on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets boosted their price objective on shares of American Electric Power from $104.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd.

Institutional Investors Weigh In On American Electric Power

Institutional investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC increased its position in shares of American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power in the third quarter worth $33,000. LRI Investments LLC lifted its holdings in shares of American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares in the last quarter. Finally, Briaud Financial Planning Inc boosted its position in shares of American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.2 %

Shares of NASDAQ AEP opened at $92.71 on Wednesday. The company has a market cap of $49.33 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.70 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. The firm’s fifty day moving average is $97.50 and its 200 day moving average is $96.17. American Electric Power has a 52 week low of $75.22 and a 52 week high of $105.18.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were given a $0.93 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Friday, November 8th. American Electric Power’s payout ratio is currently 74.55%.

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.