American Electric Power (NASDAQ:AEP) Now Covered by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group assumed coverage on shares of American Electric Power (NASDAQ:AEP) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “hold” rating and a $107.00 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 4.75% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. BMO Capital Markets upped their price objective on shares of American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Morgan Stanley upped their price target on American Electric Power from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $73.00 to $86.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. upped their target price on American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Bank of America lifted their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, American Electric Power currently has an average rating of “Hold” and an average price target of $96.00.

American Electric Power Stock Up 0.4 %

American Electric Power stock opened at $102.15 on Friday. The firm has a market cap of $53.85 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.95 and a beta of 0.54. The firm has a fifty day moving average price of $98.82 and a two-hundred day moving average price of $90.96. American Electric Power has a fifty-two week low of $69.38 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of American Electric Power in the second quarter valued at about $4,246,000. Heritage Wealth Management Inc. bought a new position in shares of American Electric Power in the second quarter worth about $361,000. Sanctuary Advisors LLC acquired a new position in shares of American Electric Power during the second quarter worth approximately $12,671,000. 3Chopt Investment Partners LLC bought a new stake in shares of American Electric Power during the second quarter valued at approximately $203,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in shares of American Electric Power in the second quarter valued at approximately $2,297,000. Institutional investors 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.