Siebert Williams Shank Begins Coverage on American Electric Power (NASDAQ:AEP)

Stock analysts at Siebert Williams Shank assumed coverage on shares of American Electric Power (NASDAQ:AEP) in a research report issued on Thursday. The brokerage set a “buy” rating and a $137.00 price target on the stock. Siebert Williams Shank’s price objective would suggest a potential upside of 18.51% from the company’s current price.

A number of other brokerages have also issued reports on AEP. JPMorgan Chase & Co. boosted their target price on American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. UBS Group reduced their price objective on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday. Mizuho raised their target price on shares of American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Scotiabank boosted their price target on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their price target on shares of American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus price target of $126.31.

American Electric Power Price Performance

Shares of NASDAQ AEP traded up $0.89 during midday trading on Thursday, reaching $115.60. The company’s stock had a trading volume of 307,557 shares, compared to its average volume of 3,502,733. American Electric Power has a one year low of $89.91 and a one year high of $124.80. The company has a market cap of $61.74 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.99 and a beta of 0.61. The company has a 50 day moving average price of $119.00 and a 200 day moving average price of $111.93. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities research analysts expect that American Electric Power will post 5.87 EPS for the current year.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,006 shares of company stock worth $1,883,522. Company insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in American Electric Power during the third quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of American Electric Power in the third quarter worth $26,000. Dogwood Wealth Management LLC boosted its holdings in shares of 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 buying an additional 175 shares during the period. Advantage Trust Co grew its stake in American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Finally, Montag A & Associates Inc. raised its holdings in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

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.