American Electric Power (NASDAQ:AEP) Given New $128.00 Price Target at Morgan Stanley

American Electric Power (NASDAQ:AEP) had its target price decreased by research analysts at Morgan Stanley from $135.00 to $128.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 5.86% from the stock’s previous close.

Several other equities analysts have also recently commented on AEP. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Thursday, August 27th. Citigroup decreased their price target 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. Truist Financial dropped their price objective on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Mizuho reduced their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, TD Cowen reiterated a “buy” rating on shares of American Electric Power in a report on Wednesday, September 9th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus price target of $139.86.

American Electric Power Stock Performance

AEP opened at $120.91 on Friday. American Electric Power has a 12-month low of $105.70 and a 12-month high of $140.58. The stock has a market cap of $65.82 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.55 and a beta of 0.51. The business has a 50 day moving average of $126.81 and a 200-day moving average of $130.05. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.

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

Insider Buying and Selling at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the company’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 transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently modified their holdings of the company. Costello Asset Management INC lifted its holdings in shares of 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 in the last quarter. Basepoint Wealth LLC purchased a new stake in shares of American Electric Power in the 4th quarter valued at about $27,000. Union Savings Bank purchased a new stake in American Electric Power in the fourth quarter valued at approximately $27,000. Elevation Wealth Partners LLC grew its position in American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new stake in American Electric Power during the second quarter worth about $27,000. Institutional investors own 75.24% of the company’s stock.

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.