BMO Capital Markets Lowers American Electric Power (NASDAQ:AEP) Price Target to $100.00

American Electric Power (NASDAQ:AEP) had its price target dropped by BMO Capital Markets from $108.00 to $100.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 6.94% from the stock’s current price.

Other equities analysts have also issued reports about the company. Evercore ISI reduced their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” 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 for the company in a report on Friday, November 22nd. Wells Fargo & Company reduced their target price 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. Jefferies Financial Group assumed coverage on American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price for the company. Finally, Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $97.57.

American Electric Power Stock Performance

AEP stock opened at $93.51 on Friday. The firm has a market cap of $49.76 billion, a PE ratio of 18.74, a P/E/G ratio of 2.70 and a beta of 0.56. 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 business has a 50 day moving average of $94.72 and a 200-day moving average of $96.63. American Electric Power has a 12-month low of $75.22 and a 12-month high of $105.18.

Institutional Investors Weigh In On American Electric Power

Several institutional investors have recently made changes to their positions in the stock. HBW Advisory Services LLC lifted its position in shares of American Electric Power by 1.1% during the fourth quarter. HBW Advisory Services LLC now owns 27,538 shares of the company’s stock worth $2,540,000 after acquiring an additional 304 shares in the last quarter. ST Germain D J Co. Inc. raised its position in shares of American Electric Power by 47.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 4,833 shares of the company’s stock worth $446,000 after buying an additional 1,551 shares in the last quarter. First Hawaiian Bank raised its position in shares of American Electric Power by 35.9% in the fourth quarter. First Hawaiian Bank now owns 20,171 shares of the company’s stock worth $1,860,000 after buying an additional 5,324 shares in the last quarter. Peoples Bank KS raised its position in shares of American Electric Power by 14.8% in the fourth quarter. Peoples Bank KS now owns 3,887 shares of the company’s stock worth $358,000 after buying an additional 500 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of American Electric Power by 8.5% in the fourth quarter. Diversified Trust Co now owns 6,103 shares of the company’s stock worth $563,000 after buying an additional 478 shares in the last quarter. Hedge funds and other 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.