Barclays Boosts American Electric Power (NASDAQ:AEP) Price Target to $138.00

American Electric Power (NASDAQ:AEP) had its price target increased by investment analysts at Barclays from $136.00 to $138.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 1.90% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley increased their target price on shares of American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. JPMorgan Chase & Co. reduced their price target on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Finally, Raymond James Financial restated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.48.

American Electric Power Stock Performance

AEP opened at $135.43 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power has a one year low of $103.64 and a one year high of $140.58. The company has a market cap of $73.69 billion, a P/E ratio of 19.89, a PEG ratio of 2.48 and a beta of 0.52. The business’s 50-day simple moving average is $131.29 and its 200-day simple moving average is $128.06.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities research analysts expect that American Electric Power will post 6.35 EPS for the current fiscal year.

Institutional Investors Weigh In On American Electric Power

Several hedge funds have recently bought and sold shares of the business. Essex Financial Services Inc. lifted its position in shares of American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after buying an additional 75 shares during the period. Cornerstone Advisory LLC raised its stake in American Electric Power by 1.3% during the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after acquiring an additional 75 shares in the last quarter. Financial Enhancement Group LLC raised its stake in American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after acquiring an additional 76 shares in the last quarter. Community Trust & Investment Co. lifted its holdings in shares of American Electric Power by 1.7% during the second quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after acquiring an additional 77 shares during the period. Finally, J2 Capital Management Inc lifted its holdings in shares of American Electric Power by 2.0% during the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after acquiring an additional 79 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.