American Electric Power (NASDAQ:AEP) Raised to Buy at Guggenheim

American Electric Power (NASDAQ:AEP) was upgraded by investment analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

AEP has been the subject of a number of other research reports. Barclays cut their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. BMO Capital Markets decreased their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Trading Up 0.7 %

Shares of American Electric Power stock opened at $98.18 on Thursday. The firm’s 50 day moving average is $94.83 and its 200 day moving average is $97.12. The firm has a market capitalization of $52.24 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power has a 1 year low of $75.22 and a 1 year high of $105.18.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in American Electric Power during the third quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power in the third quarter worth about $33,000. Reston Wealth Management LLC bought a new stake in American Electric Power during the 3rd quarter valued at about $48,000. Decker Retirement Planning Inc. purchased a new stake in American Electric Power in the 4th quarter valued at about $49,000. Finally, Future Financial Wealth Managment LLC bought a new position in American Electric Power in the 3rd quarter worth about $50,000. 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.