JP Morgan Maintains American Electric Power (NYSE:AEP) As a Neutral; They Now Have a PT Of $75

October 13, 2017 - By Hazel Jackson

 JP Morgan Maintains American Electric Power (NYSE:AEP) As a Neutral; They Now Have a PT Of $75

Investors sentiment increased to 1.09 in 2017 Q2. 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.

First Natl Bank Of Mount Dora Trust Invest Serv has invested 1.52% in American Electric Power Company Inc (NYSE:AEP). First Quadrant Lp Ca holds 21,000 shares or 0.03% of its portfolio. Pension Ser holds 421,463 shares or 0.17% of its portfolio. Everett Harris And Ca holds 0.02% in American Electric Power Company Inc (NYSE:AEP) or 8,778 shares. Toronto Dominion National Bank reported 0.04% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Sandy Spring Financial Bank holds 0.04% or 4,656 shares in its portfolio. Aspiriant Limited Co reported 11,912 shares. Moreover, Principal Fincl Gru has 0.07% invested in American Electric Power Company Inc (NYSE:AEP) for 933,757 shares. Trust Department Mb Bank N A holds 0.01% or 975 shares. Ledyard State Bank holds 1,450 shares. 225,367 were reported by Panagora Asset. San Francisco Sentry Inv Grp (Ca) holds 0.02% or 657 shares in its portfolio. Putnam Invs Limited Liability Com accumulated 1.98 million shares or 0.32% of the stock. First Midwest Bankshares Division invested 0.29% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Liberty Capital Management Inc holds 0.27% or 6,525 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 the $35.98B market cap company or 2.31 % upside potential. In a note shared with investors on Thursday, 12 October, American Electric Power (NYSE:AEP) shares have had their Neutral Rating maintained by professional analysts at JP Morgan.

Investors sentiment increased to 1.09 in 2017 Q2. 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.

First Natl Bank Of Mount Dora Trust Invest Serv has invested 1.52% in American Electric Power Company Inc (NYSE:AEP). First Quadrant Lp Ca holds 21,000 shares or 0.03% of its portfolio. Pension Ser holds 421,463 shares or 0.17% of its portfolio. Everett Harris And Ca holds 0.02% in American Electric Power Company Inc (NYSE:AEP) or 8,778 shares. Toronto Dominion National Bank reported 0.04% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Sandy Spring Financial Bank holds 0.04% or 4,656 shares in its portfolio. Aspiriant Limited Co reported 11,912 shares. Moreover, Principal Fincl Gru has 0.07% invested in American Electric Power Company Inc (NYSE:AEP) for 933,757 shares. Trust Department Mb Bank N A holds 0.01% or 975 shares. Ledyard State Bank holds 1,450 shares. 225,367 were reported by Panagora Asset. San Francisco Sentry Inv Grp (Ca) holds 0.02% or 657 shares in its portfolio. Putnam Invs Limited Liability Com accumulated 1.98 million shares or 0.32% of the stock. First Midwest Bankshares Division invested 0.29% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Liberty Capital Management Inc holds 0.27% or 6,525 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. Mizuho initiated American Electric Power Company Inc (NYSE:AEP) rating on Tuesday, August 18. Mizuho has “Buy” rating and $65 target. The company was maintained on Thursday, October 12 by JP Morgan. The stock has “Hold” rating by RBC Capital Markets on Sunday, October 8. On Monday, June 26 the stock rating was downgraded by Goldman Sachs to “Neutral”. Jefferies maintained the stock with “Hold” rating in Wednesday, August 30 report. The rating was maintained by Barclays Capital on Thursday, September 3 with “Overweight”. Deutsche Bank maintained American Electric Power Company Inc (NYSE:AEP) on Tuesday, August 25 with “Buy” rating. The company was maintained on Thursday, August 10 by Morgan Stanley. Jefferies maintained American Electric Power Company Inc (NYSE:AEP) on Friday, July 28 with “Hold” rating. Goldman Sachs upgraded the shares of AEP in report on Tuesday, July 26 to “Buy” rating.

About 1.94 million 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.

Analysts await American Electric Power Company Inc (NYSE:AEP) to report earnings on November, 7. They expect $1.26 earnings per share, down 3.08 % or $0.04 from last year’s $1.3 per share. AEP’s profit will be $618.40M for 14.55 P/E if the $1.26 EPS becomes a reality. After $0.75 actual earnings per share reported by American Electric Power Company Inc for the previous quarter, Wall Street now forecasts 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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