American Electric Power (NASDAQ:AEP – Get Free Report) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $140.00 to $135.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 8.25% from the stock’s current price.
Several other analysts also recently commented on the stock. Citigroup dropped their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Barclays reduced their price target on American Electric Power from $129.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Truist Financial reduced their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a report on Monday, August 17th. BMO Capital Markets decreased their target price on American Electric Power from $139.00 to $135.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, Jefferies Financial Group set a $135.00 target price on shares of American Electric Power in a report on Monday. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average price target of $137.45.
Read Our Latest Stock Analysis on AEP
American Electric Power Trading Down 1.9%
NASDAQ AEP traded down $2.43 during trading hours on Monday, hitting $124.71. The company’s stock had a trading volume of 1,685,093 shares, compared to its average volume of 3,963,548. American Electric Power has a twelve month low of $112.54 and a twelve month high of $140.58. The firm has a market capitalization of $67.89 billion, a P/E ratio of 21.44, a PEG ratio of 2.63 and a beta of 0.48. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The stock has a fifty day moving average of $122.64 and a 200 day moving average of $128.60.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the company earned $1.43 EPS. The business’s revenue for the quarter 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. Equities research analysts forecast that American Electric Power will post 6.39 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief accounting officer directly owned 15,856 shares in the company, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.
Hedge Funds Weigh In On American Electric Power
Several large investors have recently modified their holdings of AEP. BlackRock Inc. bought a new stake in American Electric Power in the 2nd quarter valued at about $6,980,601,000. Bank of America Corp DE acquired a new position in American Electric Power in the second quarter valued at $1,678,638,000. GQG Partners LLC bought a new position in shares of American Electric Power during the 2nd quarter worth about $1,404,094,000. Legal & General Group Plc bought a new stake in shares of American Electric Power during the second quarter worth about $680,638,000. Finally, Bank of New York Mellon Corp bought a new position in shares of American Electric Power during the second quarter valued at about $495,495,000. 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 an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.
AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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