American Electric Power (NASDAQ:AEP) Price Target Lowered to $138.00 at BMO Capital Markets

American Electric Power (NASDAQ:AEP) had its price objective trimmed by BMO Capital Markets from $141.00 to $138.00 in a research note released on Wednesday morning,MarketScreener reports. The brokerage currently has a market perform rating on the stock.

A number of other research analysts have also recently weighed in on AEP. Evercore lifted their price objective on shares of American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Jefferies Financial Group reissued a “buy” rating and set a $150.00 target price on shares of American Electric Power in a research note on Friday, February 20th. Argus raised their target price on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Company upped their price target on American Electric Power from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Barclays increased their price target on American Electric Power from $128.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.18.

American Electric Power Stock Performance

NASDAQ:AEP traded up $3.02 during trading hours on Wednesday, hitting $134.64. 296,576 shares of the company were exchanged, compared to its average volume of 3,349,772. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. American Electric Power has a 52-week low of $97.46 and a 52-week high of $137.74. The stock has a market capitalization of $73.18 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 3.10 and a beta of 0.58. The company’s 50 day moving average price is $131.75 and its 200-day moving average price is $123.02.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, research analysts forecast that American Electric Power will post 6.34 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the sale, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Enhancement Group LLC boosted its holdings in shares of American Electric Power by 3.3% during the 1st 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. J2 Capital Management Inc grew its holdings in American Electric Power by 2.0% in the 1st 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. PFG Investments LLC raised its holdings in shares of American Electric Power by 0.3% during the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after acquiring an additional 83 shares during the period. Root Financial Partners LLC grew its holdings in shares of American Electric Power by 15.0% in the fourth quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock valued at $74,000 after purchasing an additional 83 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC raised its stake in American Electric Power by 4.1% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock worth $251,000 after purchasing an additional 85 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.