Barclays Cuts American Electric Power (NASDAQ:AEP) Price Target to $129.00

American Electric Power (NASDAQ:AEP) had its price target lowered by Barclays from $138.00 to $129.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has an equal weight rating on the stock.

AEP has been the topic of several other research reports. Jefferies Financial Group lifted their target price on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Scotiabank increased their price target on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. BMO Capital Markets decreased their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. TD Cowen boosted their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Raymond James Financial reiterated 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’s stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.71.

American Electric Power Stock Performance

Shares of AEP stock opened at $126.47 on Monday. American Electric Power has a 1-year low of $105.70 and a 1-year high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $68.85 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 2.30 and a beta of 0.52. The stock’s fifty day simple moving average is $131.62 and its 200-day simple moving average is $130.05.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts predict that American Electric Power will post 6.36 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is 65.18%.

Institutional Investors Weigh In On American Electric Power

Institutional investors have recently made changes to their positions in the company. Essex Financial Services Inc. raised its position in American Electric Power by 0.9% in the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after purchasing an additional 75 shares during the last quarter. Cornerstone Advisory LLC boosted its stake in 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 purchasing an additional 75 shares in the last quarter. Financial Enhancement Group LLC grew its holdings in shares of 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 purchasing an additional 76 shares during the last quarter. Community Trust & Investment Co. grew 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 worth $647,000 after purchasing an additional 77 shares during the last quarter. Finally, J2 Capital Management Inc increased its stake 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 valued at $537,000 after buying an additional 79 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.