Fintel reports that on December 12, 2024, JP Morgan downgraded their outlook for American Electric Power (LSE:0HEC) from Overweight to Neutral.
Analyst Price Forecast Suggests 10.85% Upside
As of December 3, 2024, the average one-year price target for American Electric Power is 103.64 GBX/share. The forecasts range from a low of 87.09 GBX to a high of 122.13 GBX. The average price target represents an increase of 10.85% from its latest reported closing price of 93.49 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Electric Power is 19,195MM, a decrease of 2.08%. The projected annual non-GAAP EPS is 5.69.
What is the Fund Sentiment?
There are 2,318 funds or institutions reporting positions in American Electric Power. This is an increase of 82 owner(s) or 3.67% in the last quarter. Average portfolio weight of all funds dedicated to 0HEC is 0.33%, an increase of 1.76%. Total shares owned by institutions increased in the last three months by 2.03% to 494,748K shares.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 20,870K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 20,823K shares , representing an increase of 0.22%. The firm decreased its portfolio allocation in 0HEC by 83.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,889K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 16,641K shares , representing an increase of 1.47%. The firm increased its portfolio allocation in 0HEC by 11.47% over the last quarter.
GQG Partners holds 14,517K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 9,582K shares , representing an increase of 33.99%. The firm increased its portfolio allocation in 0HEC by 73.22% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 13,935K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 13,529K shares , representing an increase of 2.91%. The firm increased its portfolio allocation in 0HEC by 10.84% over the last quarter.
Geode Capital Management holds 12,525K shares representing 2.35% ownership of the company. In its prior filing, the firm reported owning 12,172K shares , representing an increase of 2.82%. The firm decreased its portfolio allocation in 0HEC by 41.89% over the last quarter.
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