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

Shares of American Electric Power Company, Inc. (NASDAQ:AEP) have received a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the company, Marketbeat 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 12 month price objective among analysts that have covered the stock in the last year is $140.05.

A number of research analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Barclays decreased their target price on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Mizuho dropped their price target on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Finally, TD Cowen reaffirmed a “buy” rating on shares of American Electric Power in a research note on Wednesday, September 9th.

Insider Buying and Selling at American Electric Power

In related news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On American Electric Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in shares of American Electric Power by 8.1% in the 2nd quarter. QRG Capital Management Inc. now owns 163,903 shares of the company’s stock worth $22,424,000 after purchasing an additional 12,305 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of American Electric Power by 25.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,742 shares of the company’s stock valued at $2,838,000 after acquiring an additional 4,156 shares during the period. Andra AP fonden raised its stake in shares of American Electric Power by 37.3% in the 2nd quarter. Andra AP fonden now owns 97,600 shares of the company’s stock valued at $13,353,000 after acquiring an additional 26,500 shares during the period. Premier Financial Group acquired a new position in shares of American Electric Power during the 2nd quarter valued at $28,000. Finally, Security National Bank of Sioux City Iowa IA acquired a new position in shares of American Electric Power during the 2nd quarter valued at $64,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.1%

Shares of NASDAQ AEP opened at $118.20 on Tuesday. American Electric Power has a 12-month low of $108.49 and a 12-month high of $140.58. The company has a market capitalization of $64.35 billion, a PE ratio of 20.27, 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 current ratio of 0.50 and a quick ratio of 0.38. The firm’s 50-day moving average is $124.77 and its two-hundred day moving average is $129.39.

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

American Electric Power Announces Dividend

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

About American Electric Power

American Electric Power (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.