American Electric Power Company, Inc. (NASDAQ:AEP) Receives $141.10 Average Price Target from Brokerages

Shares of American Electric Power Company, Inc. (NASDAQ:AEP) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $141.0952.

Several analysts recently issued reports on AEP shares. Evercore raised their target price on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Mizuho raised their target price on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Scotiabank raised their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. UBS Group raised their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Finally, Wells Fargo & Company raised their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th.

Institutional Trading of American Electric Power

Several large investors have recently modified their holdings of AEP. Activest Wealth Management grew its stake in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Dogwood Wealth Management LLC lifted its holdings in American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares during the period. Optima Capital LLC purchased a new stake in American Electric Power in the fourth quarter worth about $26,000. Rakuten Securities Inc. lifted its holdings in American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after buying an additional 219 shares during the period. Finally, Costello Asset Management INC lifted its holdings in American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Up 0.3%

Shares of NASDAQ:AEP opened at $129.75 on Friday. The stock’s 50-day moving average price is $131.16 and its 200-day moving average price is $125.80. American Electric Power has a 12-month low of $100.72 and a 12-month high of $139.44. The stock has a market capitalization of $70.60 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts anticipate that American Electric Power will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.