American Electric Power (NASDAQ:AEP) Price Target Cut to $131.00 by Analysts at Scotiabank

American Electric Power (NASDAQ:AEP) had its target price cut by equities researchers at Scotiabank from $140.00 to $131.00 in a research note issued on Wednesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 9.81% from the company’s previous close.

Several other brokerages also recently commented on AEP. Morgan Stanley reduced their target price on American Electric Power from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Jefferies Financial Group increased their price target on American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Citigroup dropped their price target on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Barclays cut their price objective on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of American Electric Power in a research report on Monday, September 21st. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.62.

American Electric Power Stock Up 0.9%

Shares of NASDAQ:AEP opened at $119.30 on Wednesday. American Electric Power has a 52 week low of $109.67 and a 52 week high of $140.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The company has a market capitalization of $64.95 billion, a PE ratio of 20.46, a PEG ratio of 2.50 and a beta of 0.51. The company has a 50 day moving average price of $124.55 and a two-hundred day moving average price of $129.31.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The company’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. Analysts forecast that American Electric Power will post 6.38 earnings per share for the current year.

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief accounting officer directly owned 15,856 shares in the company, valued at $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Electric Power

Several institutional investors have recently bought and sold shares of AEP. HITE Hedge Asset Management LLC bought a new position in American Electric Power in the fourth quarter valued at approximately $32,032,000. BlackRock Inc. acquired a new position in shares of American Electric Power in the second quarter valued at about $6,980,601,000. Dockside LLC bought a new position in American Electric Power during the fourth quarter worth about $1,912,000. Barclays PLC boosted its holdings in American Electric Power by 0.5% in the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after purchasing an additional 57,807 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of American Electric Power during the 4th quarter worth approximately $2,318,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Company Profile

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.