American Electric Power Company, Inc. (NASDAQ:AEP) Stock Has Consensus Price Target of $140.05 According to Analysts

Shares of American Electric Power Company, Inc. (NASDAQ:AEP) have received an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $140.05.

A number of brokerages have commented on AEP. Morgan Stanley decreased their target price on American Electric Power from $135.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Truist Financial lowered their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Mizuho lowered their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Citigroup dropped their price objective on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th.

American Electric Power Stock Up 0.7%

AEP opened at $118.35 on Tuesday. American Electric Power has a 1 year low of $108.14 and a 1 year high of $140.58. The firm has a 50 day moving average price of $125.03 and a 200 day moving average price of $129.51. The company has a market cap of $64.43 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.51 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts expect that American Electric Power will post 6.38 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, August 10th. American Electric Power’s dividend payout ratio is presently 65.18%.

Insider Buying and Selling at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Institutional Trading of American Electric Power

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of American Electric Power during the 2nd quarter valued at $6,980,601,000. Wellington Management Group LLP raised its position in shares of American Electric Power by 5.4% during the second quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock worth $1,897,829,000 after purchasing an additional 715,613 shares during the period. Bank of America Corp DE acquired a new stake in shares of American Electric Power during the second quarter worth $1,678,638,000. Geode Capital Management LLC lifted its holdings in shares of American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after purchasing an additional 83,285 shares during the last quarter. Finally, GQG Partners LLC purchased a new stake in shares of American Electric Power during the second quarter valued at $1,404,094,000. 75.24% of the stock is currently owned by institutional investors.

About American Electric Power

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.