American Electric Power (NASDAQ:AEP) Given New $140.00 Price Target at JPMorgan Chase & Co.

American Electric Power (NASDAQ:AEP) had its price target reduced by JPMorgan Chase & Co. from $141.00 to $140.00 in a report issued on Friday,MarketScreener reports. They currently have a neutral rating on the stock.

Several other research firms have also recently commented on AEP. Argus lifted their price target on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. TD Cowen lifted their price target on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company lifted their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. 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 report on Wednesday, May 6th. Finally, Citigroup lifted their price target on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $141.57.

American Electric Power Stock Down 2.7%

AEP opened at $125.15 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.57 and a beta of 0.56. The business has a 50-day moving average of $132.24 and a two-hundred day moving average of $124.62. American Electric Power has a 12 month low of $100.72 and a 12 month high of $139.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts expect that American Electric Power will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s payout ratio is presently 55.80%.

Insider Transactions at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the sale, the executive vice president owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. The trade was a 8.86% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently bought and sold shares of AEP. Activest Wealth Management lifted its position in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares in the last quarter. Optima Capital LLC acquired a new position in American Electric Power during the 4th quarter worth approximately $26,000. Rakuten Securities Inc. lifted its position in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Finally, Costello Asset Management INC lifted its position in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

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.