American Electric Power (NASDAQ:AEP – Get Free Report) had its price target lowered by equities researchers at LADENBURG THALM/SH SH from $148.00 to $143.00 in a report released on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 11.27% from the stock’s previous close.
Several other research analysts have also weighed in on the stock. Barclays raised their price objective on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Mizuho increased their price target 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. Citigroup lifted their price target on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. BMO Capital Markets reduced their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group lifted their target price on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.86.
Get Our Latest Research Report on AEP
American Electric Power Stock Up 0.2%
American Electric Power (NASDAQ:AEP – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.64 EPS 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 analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, analysts anticipate that American Electric Power will post 6.35 EPS for the current year.
Hedge Funds Weigh In On American Electric Power
A number of large investors have recently bought and sold shares of AEP. Essex Financial Services Inc. raised its position in shares of American Electric Power by 0.9% during the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after purchasing an additional 75 shares during the period. Cornerstone Advisory LLC grew its stake in American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after buying an additional 75 shares during the last quarter. Financial Enhancement Group LLC increased its position in 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 during the period. J2 Capital Management Inc increased its position in 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 during the period. Finally, Bogart Wealth LLC lifted its stake in American Electric Power by 2.9% in the first quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock valued at $381,000 after buying an additional 82 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.
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.
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