American Electric Power (NASDAQ:AEP – Free Report) had its price target decreased by Morgan Stanley from $139.00 to $135.00 in a report released on Friday, Marketbeat reports. Morgan Stanley currently has an overweight rating on the stock.
Several other equities research analysts also recently weighed in on AEP. LADENBURG THALM/SH SH lowered their price target 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. Raymond James Financial reissued an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a research report on Friday, May 8th. Scotiabank raised their price target on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. TD Cowen lifted their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Truist Financial cut their target price on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and an average target price of $140.19.
Check Out Our Latest Stock Report on American Electric Power
American Electric Power Stock Performance
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter last year, the firm earned $1.43 EPS. The company’s 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. On average, equities analysts forecast that American Electric Power will post 6.37 EPS for the current fiscal year.
American Electric Power Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s payout ratio is presently 65.18%.
Institutional Trading of American Electric Power
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 828,588 shares during the last quarter. BlackRock Inc. purchased a new position in shares of American Electric Power during the 2nd quarter valued at about $6,980,601,000. State Street Corp raised its stake in shares of 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 buying an additional 1,514,865 shares during the last quarter. Morgan Stanley lifted its holdings in shares of American Electric Power by 1.9% in the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after buying an additional 271,879 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of American Electric Power by 5.4% in the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock valued at $1,897,829,000 after buying an additional 715,613 shares during the period. Institutional investors and hedge funds 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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