American Electric Power (NASDAQ:AEP) Given New $128.00 Price Target at Morgan Stanley

American Electric Power (NASDAQ:AEP) had its price target reduced by analysts at Morgan Stanley from $130.00 to $128.00 in a research report issued on Thursday,MarketScreener reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 5.17% from the stock’s current price.

AEP has been the topic of a number of other research reports. Raymond James Financial reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Mizuho lifted their price objective on shares of American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, BMO Capital Markets set a $126.00 target price on shares of American Electric Power in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $125.85.

American Electric Power Trading Down 1.5%

NASDAQ:AEP opened at $121.71 on Thursday. The company has a market capitalization of $65.00 billion, a P/E ratio of 17.74, a PEG ratio of 3.22 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power has a 12 month low of $89.91 and a 12 month high of $124.80. The firm has a fifty day simple moving average of $115.89 and a 200-day simple moving average of $109.82.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the business earned $1.85 EPS. The business’s revenue was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities research analysts anticipate that American Electric Power will post 5.87 earnings per share for the current year.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $121.58, for a total transaction of $607,900.00. Following the sale, the director directly owned 30,898 shares in the company, valued at $3,756,578.84. This trade represents a 13.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,006 shares of company stock worth $1,851,422. 0.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds have recently bought and sold shares of the business. Nuveen LLC purchased a new position in American Electric Power in the first quarter worth approximately $568,042,000. GQG Partners LLC increased its position in shares of American Electric Power by 30.4% in the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after purchasing an additional 2,763,328 shares during the last quarter. Finally, Soroban Capital Partners LP lifted its position in shares of American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after purchasing an additional 2,555,415 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.