UBS Group Issues Positive Forecast for American Electric Power (NASDAQ:AEP) Stock Price

American Electric Power (NASDAQ:AEP) had its price target raised by analysts at UBS Group from $132.00 to $135.00 in a research note issued on Monday,MarketScreener reports. UBS Group’s price objective would suggest a potential upside of 2.37% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. TD Cowen increased their target price on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Scotiabank upped their price objective on American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 16th. Mizuho upped their price objective on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target for the company in a report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.24.

American Electric Power Price Performance

Shares of AEP opened at $131.87 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The company’s fifty day moving average price is $122.48 and its 200-day moving average price is $117.97. American Electric Power has a 1-year low of $97.46 and a 1-year high of $134.60. The firm has a market capitalization of $71.60 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data 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 return on equity of 10.46% and a net margin of 16.37%.The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the business posted $1.24 EPS. The company’s revenue was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities research analysts predict that American Electric Power will post 5.87 EPS for the current year.

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated 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 owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 10,457 shares of company stock valued at $1,295,273. Company insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently modified their holdings of AEP. West Family Investments Inc. acquired a new position in shares of American Electric Power in the 2nd quarter worth $256,000. Commerzbank Aktiengesellschaft FI increased its stake in American Electric Power by 462.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after purchasing an additional 43,533 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in American Electric Power by 228.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock worth $5,812,000 after buying an additional 35,938 shares during the period. Community Financial Services Group LLC purchased a new stake in American Electric Power during the third quarter valued at about $4,379,000. Finally, National Pension Service raised its holdings in shares of American Electric Power by 1.3% during the third quarter. National Pension Service now owns 1,919,442 shares of the company’s stock valued at $215,937,000 after acquiring an additional 24,862 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

About American Electric Power

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.