American Electric Power Company, Inc. (NASDAQ:AEP) Receives $141.57 Consensus Target Price from Brokerages

Shares of American Electric Power Company, Inc. (NASDAQ:AEP) have been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $141.2381.

A number of brokerages have weighed in on AEP. Mizuho increased their target price on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BMO Capital Markets cut their target price on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research report on Wednesday, April 22nd. Evercore increased their target price on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Finally, Wells Fargo & Company increased their target price on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th.

Insiders Place Their Bets

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the 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 completion of the transaction, the executive vice president owned 42,263 shares in the company, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Electric Power

A number of institutional investors and hedge funds have recently modified their holdings of the company. Essex Financial Services Inc. lifted its holdings in shares of American Electric Power by 0.9% in the first 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 in the last quarter. Cornerstone Advisory LLC lifted its holdings in shares of American Electric Power by 1.3% in the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after buying an additional 75 shares in the last quarter. Financial Enhancement Group LLC lifted its holdings in shares of American Electric Power by 3.3% in the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after buying an additional 76 shares in the last quarter. J2 Capital Management Inc lifted its holdings in shares of American Electric Power by 2.0% in the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after buying an additional 79 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of American Electric Power by 2.9% in the first quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock worth $381,000 after buying an additional 82 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

AEP opened at $130.90 on Wednesday. The firm has a market cap of $71.22 billion, a P/E ratio of 19.22, a PEG ratio of 2.62 and a beta of 0.56. The firm has a 50-day moving average of $131.92 and a 200 day moving average of $125.17. 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 fifty-two week low of $100.72 and a fifty-two week high of $139.44.

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 company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts expect that American Electric Power will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

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.