American Electric Power (NASDAQ:AEP) PT Raised to $109.00

American Electric Power (NASDAQ:AEP) had its price objective hoisted by BMO Capital Markets from $105.00 to $109.00 in a report published on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

AEP has been the subject of several other reports. Scotiabank lifted their price objective on American Electric Power from $99.00 to $108.00 and gave the stock a sector outperform rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price target on American Electric Power from $101.00 to $108.00 and gave the stock an overweight rating in a report on Wednesday, August 7th. Bank of America upped their price objective on American Electric Power from $97.00 to $98.00 and gave the company an underperform rating in a research report on Thursday, August 29th. Morgan Stanley lifted their price objective on American Electric Power from $95.00 to $102.00 and gave the stock an overweight rating in a research report on Friday, August 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of American Electric Power from a sell rating to a neutral rating and upped their target price for the company from $73.00 to $86.00 in a report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $95.15.

American Electric Power Stock Down 0.1 %

AEP opened at $102.99 on Monday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65. The company has a market cap of $54.29 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.92 and a beta of 0.54. American Electric Power has a one year low of $69.38 and a one year high of $104.41. The business’s fifty day moving average is $97.06 and its two-hundred day moving average is $90.14.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts anticipate that American Electric Power will post 5.59 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, August 9th. American Electric Power’s payout ratio is currently 65.31%.

Institutional Trading of American Electric Power

A number of institutional investors and hedge funds have recently bought and sold shares of AEP. HHM Wealth Advisors LLC raised its position in American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at about $26,000. Denali Advisors LLC purchased a new stake in shares of American Electric Power during the 1st quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in shares of American Electric Power during the 1st quarter valued at about $27,000. Finally, YHB Investment Advisors Inc. acquired a new position in American Electric Power during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

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.