American Electric Power (NASDAQ:AEP) Given New $139.00 Price Target at BMO Capital Markets

American Electric Power (NASDAQ:AEP) had its target price dropped by equities research analysts at BMO Capital Markets from $141.00 to $139.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 4.42% from the stock’s previous close.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group lifted their price target on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Scotiabank boosted their target price 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. Barclays upped their target price on shares of American Electric Power from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday, July 13th. Truist Financial increased their price target on shares of American Electric Power from $145.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Citigroup boosted their price objective on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.71.

American Electric Power Stock Up 2.0%

AEP traded up $2.63 on Wednesday, reaching $133.11. The company’s stock had a trading volume of 1,046,604 shares, compared to its average volume of 4,062,832. The stock has a market cap of $72.43 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.40 and a beta of 0.52. American Electric Power has a 1 year low of $105.70 and a 1 year high of $140.58. 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’s 50 day moving average is $131.26 and its 200 day moving average is $128.92.

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

Institutional Investors Weigh In On American Electric Power

Several institutional investors and hedge funds have recently bought and sold shares of AEP. Vanguard Group Inc. boosted its stake in American Electric Power by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after acquiring an additional 828,588 shares during the period. State Street Corp boosted its position in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the period. Morgan Stanley grew its stake in American Electric Power by 1.9% during the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after buying an additional 271,879 shares during the last quarter. Geode Capital Management LLC increased its position in American Electric Power by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after buying an additional 83,285 shares during the period. Finally, Barclays PLC lifted its stake in American Electric Power by 0.5% in the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after buying an additional 57,807 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

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.