Morgan Stanley Lowers American Electric Power (NASDAQ:AEP) Price Target to $104.00

American Electric Power (NASDAQ:AEP) had its target price lowered by research analysts at Morgan Stanley from $109.00 to $104.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 6.15% from the stock’s previous close.

AEP has been the subject of a number of other research reports. Scotiabank upped their target price on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets decreased their price objective on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Bank of America increased their price objective on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Wells Fargo & Company decreased their price objective 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. Finally, Evercore ISI decreased their price objective 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. Two equities research analysts have 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 has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Trading Down 0.1 %

NASDAQ:AEP traded down $0.11 during midday trading on Friday, hitting $97.97. The stock had a trading volume of 736,204 shares, compared to its average volume of 3,143,026. American Electric Power has a one year low of $75.22 and a one year high of $105.18. The company has a market capitalization of $52.13 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.79 and a beta of 0.55. The stock has a 50-day moving average of $99.24 and a 200 day moving average of $95.40. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

Institutional Investors Weigh In On American Electric Power

A number of institutional investors have recently modified their holdings of AEP. HHM Wealth Advisors LLC grew its position in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at about $33,000. LRI Investments LLC grew its position in shares of American Electric Power by 935.9% during the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after acquiring an additional 365 shares during the period. Finally, Briaud Financial Planning Inc lifted its stake in American Electric Power by 52.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after buying an additional 150 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.