Key Analysts at JP Morgan Didn’t Change their ‘Neutral’ rating for American Electric Power (NYSE:AEP) Shares Today. Their Price Target is $75

October 13, 2017 - By Vivian Currie

 Key Analysts at JP Morgan Didn't Change their ‘Neutral’ rating for American Electric Power (NYSE:AEP) Shares Today. Their Price Target is $75

Investors sentiment increased to 1.09 in Q2 2017. Its up 0.10, from 0.99 in 2017Q1. It increased, as 37 investors sold American Electric Power Company Inc shares while 255 reduced holdings. 72 funds opened positions while 245 raised stakes. 348.55 million shares or 2.95% more from 338.55 million shares in 2017Q1 were reported.

Liberty Mutual Grp Inc Asset Mngmt Inc holds 0.09% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 32,603 shares. 558,443 are owned by State Of Wisconsin Investment Board. Advisors Asset Management Incorporated accumulated 51,966 shares. First Citizens Bank Trust Communications owns 7,236 shares for 0.06% of their portfolio. Palladium Prtn Ltd Limited Liability Company owns 0.05% invested in American Electric Power Company Inc (NYSE:AEP) for 8,391 shares. Employees Retirement Association Of Colorado reported 91,209 shares. 255,829 are owned by Voya Investment Ltd Liability Company. Atwood And Palmer stated it has 5,800 shares or 0.06% of all its holdings. Bouchey Finance Gp accumulated 2,961 shares or 0.07% of the stock. Boston Ptnrs owns 0.32% invested in American Electric Power Company Inc (NYSE:AEP) for 3.61M shares. Norinchukin National Bank The, Japan-based fund reported 38,322 shares. Vantage Investment Advisors Ltd Llc stated it has 0.04% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Nomura Holdg Inc holds 65,813 shares. Virtus Advisers holds 11,193 shares or 0.08% of its portfolio. First Republic Investment Mgmt Inc invested in 0.01% or 26,986 shares.

Since May 16, 2017, it had 0 buys, and 1 insider sale for $75,706 activity.

American Electric Power (NYSE:AEP) Rating Reaffirmed

JP Morgan now has a $75 target price per share on shares of American Electric Power (NYSE:AEP). The target price per share indicates a potential upside of 2.31 % from the previous close of American Electric Power (NYSE:AEP). This rating was released in a report on Thursday morning.

Investors sentiment increased to 1.09 in Q2 2017. Its up 0.10, from 0.99 in 2017Q1. It increased, as 37 investors sold American Electric Power Company Inc shares while 255 reduced holdings. 72 funds opened positions while 245 raised stakes. 348.55 million shares or 2.95% more from 338.55 million shares in 2017Q1 were reported.

Liberty Mutual Grp Inc Asset Mngmt Inc holds 0.09% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 32,603 shares. 558,443 are owned by State Of Wisconsin Investment Board. Advisors Asset Management Incorporated accumulated 51,966 shares. First Citizens Bank Trust Communications owns 7,236 shares for 0.06% of their portfolio. Palladium Prtn Ltd Limited Liability Company owns 0.05% invested in American Electric Power Company Inc (NYSE:AEP) for 8,391 shares. Employees Retirement Association Of Colorado reported 91,209 shares. 255,829 are owned by Voya Investment Ltd Liability Company. Atwood And Palmer stated it has 5,800 shares or 0.06% of all its holdings. Bouchey Finance Gp accumulated 2,961 shares or 0.07% of the stock. Boston Ptnrs owns 0.32% invested in American Electric Power Company Inc (NYSE:AEP) for 3.61M shares. Norinchukin National Bank The, Japan-based fund reported 38,322 shares. Vantage Investment Advisors Ltd Llc stated it has 0.04% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Nomura Holdg Inc holds 65,813 shares. Virtus Advisers holds 11,193 shares or 0.08% of its portfolio. First Republic Investment Mgmt Inc invested in 0.01% or 26,986 shares.

Since May 16, 2017, it had 0 buys, and 1 insider sale for $75,706 activity.

American Electric Power Company Inc (NYSE:AEP) Ratings Coverage

Among 18 analysts covering American Electric Power Company Inc. (NYSE:AEP), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. American Electric Power Company Inc. has $77 highest and $7 lowest target. $65.47’s average target is -10.69% below currents $73.31 stock price. American Electric Power Company Inc. had 55 analyst reports since August 18, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Outperform” rating and $75 target in Friday, July 28 report. The stock of American Electric Power Company Inc (NYSE:AEP) earned “Equal-Weight” rating by Morgan Stanley on Friday, September 8. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 20 report. Jefferies maintained American Electric Power Company Inc (NYSE:AEP) on Friday, October 23 with “Buy” rating. Jefferies maintained American Electric Power Company Inc (NYSE:AEP) on Thursday, September 17 with “Buy” rating. The stock of American Electric Power Company Inc (NYSE:AEP) has “Hold” rating given on Wednesday, November 2 by Evercore. The firm earned “Hold” rating on Sunday, September 3 by RBC Capital Markets. UBS upgraded the stock to “Buy” rating in Monday, December 7 report. The stock of American Electric Power Company Inc (NYSE:AEP) earned “Equal-Weight” rating by Morgan Stanley on Thursday, August 10. The firm has “Buy” rating given on Friday, July 29 by Jefferies.

About 1.94M shares traded. American Electric Power Company Inc (NYSE:AEP) has risen 7.63% since October 13, 2016 and is uptrending. It has underperformed by 9.07% the S&P500.

Wall Street await American Electric Power Company Inc (NYSE:AEP) to release earnings on November, 7. Analysts forecast EPS of $1.26, down exactly $0.04 or 3.08 % from 2014’s $1.3 EPS. The expected AEP’s profit could reach $618.40M giving the stock 14.55 P/E in the case that $1.26 earnings per share is reported. After posting $0.75 EPS for the previous quarter, American Electric Power Company Inc’s analysts now forecast 68.00 % EPS growth.

American Electric Power Company, Inc. is a public utility holding firm that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The company has market cap of $35.98 billion. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. It has a 62.72 P/E ratio. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

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