American Electric Power (NASDAQ:AEP) Price Target Raised to $153.00

American Electric Power (NASDAQ:AEP) had its target price upped by Evercore from $137.00 to $153.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Evercore’s price target indicates a potential upside of 15.47% from the company’s current price.

AEP has been the topic of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research report on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. BMO Capital Markets lifted their price target on American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Barclays upped their price target on American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $135.10.

American Electric Power Stock Down 0.8%

Shares of NASDAQ AEP opened at $132.50 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. American Electric Power has a 12 month low of $97.46 and a 12 month high of $134.60. The firm has a market capitalization of $71.66 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61. The firm has a fifty day simple moving average of $121.82 and a two-hundred day simple moving average of $117.65.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The company’s revenue for the quarter 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. Equities analysts expect that American Electric Power will post 5.87 earnings per share for the current year.

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. The trade was a 8.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,457 shares of company stock valued at $1,295,273 in the last quarter. 0.07% of the stock is owned by insiders.

Hedge Funds Weigh In On American Electric Power

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP grew its position in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after buying an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. increased its holdings in American Electric Power by 357.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after buying an additional 1,529,662 shares during the last quarter. State Street Corp raised its position in American Electric Power by 5.2% in the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after acquiring an additional 1,514,865 shares during the period. Finally, AQR Capital Management LLC raised its position in American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after acquiring an additional 1,400,547 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

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.