American Electric Power (NASDAQ:AEP) Price Target Raised to $140.00

American Electric Power (NASDAQ:AEP) had its target price upped by Argus from $128.00 to $140.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 4.66% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Sunday. Scotiabank upped their target price on shares of American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 16th. Wells Fargo & Company increased their target price on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $124.50 to $117.50 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Finally, Bank of America cut American Electric Power from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.88.

American Electric Power Price Performance

NASDAQ:AEP opened at $133.77 on Monday. American Electric Power has a 52-week low of $97.46 and a 52-week high of $134.60. The stock has a fifty day moving average of $120.75 and a 200 day moving average of $117.26. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market capitalization of $72.35 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 3.14 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter last year, the firm posted $1.24 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, research analysts expect that American Electric Power will post 5.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.07% of the stock is owned by insiders.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds have recently modified their holdings of AEP. Activest Wealth Management lifted its stake in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of American Electric Power during the third quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in American Electric Power during the third quarter valued at approximately $26,000. Dogwood Wealth Management LLC boosted 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 purchasing an additional 175 shares during the last quarter. Finally, Optima Capital LLC bought a new stake in American Electric Power in the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Company Profile

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.