American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $141.2381.
A number of analysts have recently commented on AEP shares. Evercore lifted their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Mizuho lifted their price target on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial started coverage on American Electric Power in a research note on Tuesday, April 21st. They set a “buy” rating and a $148.00 price target on the stock. Barclays lifted their price target on American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research note on Friday, February 13th.
Read Our Latest Stock Analysis on AEP
Insider Buying and Selling
Hedge Funds Weigh In On American Electric Power
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Essex Financial Services Inc. lifted its stake in American Electric Power by 0.9% in the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after buying an additional 75 shares during the period. Cornerstone Advisory LLC lifted its stake in American Electric Power by 1.3% in the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after buying an additional 75 shares during the period. Financial Enhancement Group LLC lifted its stake 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 valued at $319,000 after buying an additional 76 shares during the period. J2 Capital Management Inc lifted its stake 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 valued at $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 period. 75.24% of the stock is owned by institutional investors and hedge funds.
American Electric Power Stock Performance
American Electric Power stock opened at $131.59 on Wednesday. American Electric Power has a 12-month low of $100.72 and a 12-month high of $139.44. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $131.99 and its two-hundred day moving average price is $124.98. The stock has a market cap of $71.60 billion, a PE ratio of 19.32, a P/E/G ratio of 2.58 and a beta of 0.56.
American Electric Power (NASDAQ:AEP – Get Free Report) last released its earnings results 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 firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the business posted $1.54 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts expect that American Electric Power will post 6.35 earnings per share for the current fiscal year.
American Electric Power Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s payout ratio is currently 55.80%.
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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