American Electric Power (NASDAQ:AEP) Stock Price Target Cut by Barclays

American Electric Power (NASDAQ:AEP) had its target price dropped by research analysts at Barclays from $129.00 to $120.00 in a report released on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential downside of 3.30% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Mizuho lowered their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Scotiabank cut their price objective on American Electric Power from $140.00 to $131.00 and set a “sector perform” rating for the company in a report on Wednesday, September 30th. Morgan Stanley cut their price objective on American Electric Power from $135.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Truist Financial decreased their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, UBS Group set a $139.00 target price on shares of American Electric Power in a research note on Monday, September 21st. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.19.

American Electric Power Price Performance

Shares of American Electric Power stock traded up $1.28 during trading on Monday, hitting $124.09. The stock had a trading volume of 919,786 shares, compared to its average volume of 3,977,208. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power has a 12 month low of $112.54 and a 12 month high of $140.58. The firm has a market cap of $67.56 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.60 and a beta of 0.48. The business’s 50-day moving average is $122.77 and its 200 day moving average is $128.74.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the business posted $1.43 EPS. American Electric Power’s quarterly revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts anticipate that American Electric Power will post 6.38 earnings per share for the current year.

Insider Activity

In other news, CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer directly owned 15,856 shares in the company, valued at approximately $1,982,000. This represents a 11.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of American Electric Power in the 2nd quarter worth approximately $6,980,601,000. Wellington Management Group LLP grew its holdings in shares of American Electric Power by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock valued at $1,897,829,000 after purchasing an additional 715,613 shares during the last quarter. Bank of America Corp DE bought a new position in shares of American Electric Power during the 2nd quarter valued at $1,678,638,000. GQG Partners LLC bought a new position in shares of American Electric Power during the 2nd quarter valued at $1,404,094,000. Finally, Legal & General Group Plc purchased a new position in American Electric Power in the 2nd quarter worth $680,638,000. 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 regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.