American Electric Power (NASDAQ:AEP – Get Free Report) had its target price lifted by equities research analysts at Truist Financial from $145.00 to $146.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 9.67% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Scotiabank lifted 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. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company upped their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, LADENBURG THALM/SH SH decreased their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and an average price target of $141.52.
Get Our Latest Research Report on AEP
American Electric Power Stock Up 0.5%
American Electric Power (NASDAQ:AEP – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.72 billion. During the same period in the previous year, the company posted $1.54 EPS. The firm’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. On average, sell-side analysts expect that American Electric Power will post 6.35 EPS for the current year.
Institutional Investors Weigh In On American Electric Power
Hedge funds and other institutional investors have recently made changes to their positions in the business. Essex Financial Services Inc. boosted its stake 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 acquiring an additional 75 shares during the last quarter. Cornerstone Advisory LLC grew its position in shares of American Electric Power by 1.3% during 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 raised its stake in American Electric Power by 3.3% during the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after purchasing an additional 76 shares during the period. Community Trust & Investment Co. lifted its holdings in American Electric Power by 1.7% in the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock worth $647,000 after purchasing an additional 77 shares in the last quarter. Finally, J2 Capital Management Inc boosted its stake 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 worth $537,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors 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.
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