American Electric Power (NASDAQ:AEP) Price Target Raised to $139.00

American Electric Power (NASDAQ:AEP) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $125.00 to $139.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 5.90% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Mizuho increased their target price on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Argus upped their price target on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Wednesday, March 4th. TD Cowen lifted their price objective on shares of American Electric Power from $137.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a report on Friday, February 20th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and an average price target of $135.90.

American Electric Power Stock Down 0.8%

Shares of NASDAQ:AEP opened at $131.26 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The stock has a market cap of $71.26 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 3.11 and a beta of 0.61. The company has a 50 day moving average of $123.45 and a 200-day moving average of $118.32. American Electric Power has a one year low of $97.46 and a one year high of $134.60.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, sell-side analysts forecast that American Electric Power will post 5.87 earnings per share for the current year.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred on 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 directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,457 shares of company stock worth $1,295,273 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Institutional Investors 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. Victory Capital Management Inc. increased 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. Soroban Capital Partners LP boosted its holdings in shares of American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after buying an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after buying an additional 1,529,662 shares during the last quarter. State Street Corp grew its stake in shares of American Electric Power by 5.2% in the fourth 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 in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after buying an additional 1,400,547 shares in the last quarter. 75.24% of the stock is currently 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.