American Electric Power (NYSE:AEP) had its price target lifted by investment analysts at Barclays from $81.00 to $84.00 in a report issued on Monday. The brokerage currently has a “buy” rating on the utilities provider’s stock. Barclays’ price objective points to a potential upside of 7.47% from the company’s current price.

Several other equities research analysts also recently commented on the company. Bank of America boosted their target price on American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, October 26th. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Monday, October 15th. Morgan Stanley set a $80.00 target price on American Electric Power and gave the stock a “buy” rating in a report on Thursday, October 11th. Finally, Wells Fargo & Co boosted their target price on American Electric Power from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $76.21.

American Electric Power stock traded up $0.73 during mid-day trading on Monday, hitting $78.16. The company had a trading volume of 16,005 shares, compared to its average volume of 3,267,817. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.10. American Electric Power has a 12 month low of $62.71 and a 12 month high of $78.07. The company has a market capitalization of $37.98 billion and a price-to-earnings ratio of 21.27.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, October 25th. The utilities provider reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the company posted $1.10 earnings per share. On average, equities research analysts predict that American Electric Power will post 3.96 EPS for the current year.

In related news, insider Paul Chodak III sold 847 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $76.47, for a total transaction of $64,770.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AEP. First Quadrant L P CA purchased a new stake in American Electric Power in the second quarter worth about $118,000. SevenBridge Financial Group LLC purchased a new stake in American Electric Power in the third quarter worth about $136,000. Private Capital Group LLC increased its position in American Electric Power by 83.9% in the third quarter. Private Capital Group LLC now owns 2,082 shares of the utilities provider’s stock worth $147,000 after buying an additional 950 shares in the last quarter. Valeo Financial Advisors LLC increased its position in American Electric Power by 59.4% in the second quarter. Valeo Financial Advisors LLC now owns 2,145 shares of the utilities provider’s stock worth $152,000 after buying an additional 799 shares in the last quarter. Finally, Girard Partners LTD. purchased a new stake in American Electric Power in the third quarter worth about $156,000. Institutional investors own 72.55% 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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Analyst Recommendations for American Electric Power (NYSE:AEP)

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