Truist Financial Lowers American Electric Power (NASDAQ:AEP) Price Target to $139.00

American Electric Power (NASDAQ:AEP) had its target price reduced by investment analysts at Truist Financial from $146.00 to $139.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 10.67% from the stock’s current price.

A number of other research firms have also weighed in on AEP. Mizuho reduced their price objective on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Citigroup dropped their price objective on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Morgan Stanley upped their price target on American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Scotiabank raised their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.38.

American Electric Power Price Performance

American Electric Power stock opened at $125.60 on Monday. The business’s 50 day simple moving average is $131.31 and its 200 day simple moving average is $130.36. American Electric Power has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a market cap of $68.38 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.25 and a beta of 0.52. 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 (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts forecast that American Electric Power will post 6.37 EPS for the current year.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its position in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of American Electric Power during the 1st quarter valued at $320,000. Sivia Capital Partners LLC raised its position in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares during the period. Gamco Investors INC. ET AL lifted its stake in American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after purchasing an additional 105 shares during the last quarter. Finally, AXA S.A. boosted its position in American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after buying an additional 38,684 shares during the period. 75.24% of the stock is currently 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.