American Electric Power (NYSE:AEP) had its target price raised by UBS Group from $94.00 to $100.00 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price would suggest a potential upside of 10.85% from the stock’s current price.
Several other equities analysts have also recently commented on AEP. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. Wolfe Research set a $205.00 target price on Raytheon and gave the stock a “buy” rating in a research report on Friday, April 26th. Goldman Sachs Group reiterated a “neutral” rating and issued a $393.00 price objective on shares of Boeing in a report on Monday, April 8th. Wells Fargo & Co set a $95.00 price objective on Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Bank of America reiterated a “buy” rating and issued a $43.00 price objective (up from $36.00) on shares of The Medicines in a report on Tuesday. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $83.93.
American Electric Power stock traded down $0.72 during midday trading on Friday, hitting $90.21. 23,816 shares of the company’s stock were exchanged, compared to its average volume of 2,147,863. American Electric Power has a 52-week low of $68.13 and a 52-week high of $91.99. The stock’s 50-day moving average price is $89.08. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.37 and a current ratio of 0.49. The firm has a market capitalization of $44.79 billion, a P/E ratio of 22.84, a P/E/G ratio of 3.86 and a beta of 0.16.
American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, April 25th. The utilities provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. American Electric Power had a return on equity of 10.81% and a net margin of 12.64%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that American Electric Power will post 4.15 earnings per share for the current year.
In other news, EVP Paul Chodak III sold 1,303 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $86.52, for a total value of $112,735.56. Following the completion of the sale, the executive vice president now owns 8,152 shares of the company’s stock, valued at approximately $705,311.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian X. Tierney sold 4,392 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $86.02, for a total value of $377,799.84. Following the completion of the sale, the vice president now directly owns 39,449 shares of the company’s stock, valued at approximately $3,393,402.98. The disclosure for this sale can be found here. Insiders sold a total of 24,637 shares of company stock valued at $2,112,145 over the last quarter. Company insiders own 0.16% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Advisors LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at about $25,000. Sageworth Trust Co lifted its stake in shares of American Electric Power by 1,026.9% in the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 267 shares during the last quarter. Capital Financial Planning LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $26,000. Claybrook Capital LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $27,000. Finally, Truvestments Capital LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at about $28,000. 73.58% of the stock is 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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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