American Electric Power (NASDAQ:AEP) Price Target Raised to $146.00

American Electric Power (NASDAQ:AEP) had its target price raised by Truist Financial from $145.00 to $146.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on the company. LADENBURG THALM/SH SH dropped their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, April 20th. Mizuho upped their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets cut their price objective on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. 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, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $141.52.

American Electric Power Stock Performance

Shares of AEP stock opened at $132.14 on Friday. The firm has a market capitalization of $71.90 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The business has a fifty day moving average of $131.28 and a 200 day moving average of $128.71. American Electric Power has a 1 year low of $105.70 and a 1 year high of $140.58.

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

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s payout ratio is currently 55.80%.

Institutional Trading of American Electric Power

A number of hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares during the period. Acadian Asset Management LLC acquired a new position in American Electric Power in the 1st quarter worth about $320,000. Sivia Capital Partners LLC boosted its position in American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. grew its holdings in American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 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.