Analysts Set American Electric Power Company, Inc. (NASDAQ:AEP) Price Target at $124.50

Shares of American Electric Power Company, Inc. (NASDAQ:AEP) have been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $124.50.

Several research analysts have recently commented on the stock. BMO Capital Markets set a $126.00 price target on shares of American Electric Power in a research note on Thursday, October 30th. UBS Group increased their price target on shares of American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Jefferies Financial Group raised their target price on shares of American Electric Power from $116.00 to $128.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. Mizuho increased their price target on shares of American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company increased their price target on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th.

Insider Transactions at American Electric Power

In related news, 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 transaction of $112,672.00. Following the completion of the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. This trade represents a 15.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,006 shares of company stock valued at $1,243,522 over the last ninety days. 0.07% of the stock is owned by insiders.

Hedge Funds Weigh In On American Electric Power

Institutional investors have recently added to or reduced their stakes in the company. Venture Visionary Partners LLC lifted its holdings in shares of American Electric Power by 7.3% in the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after purchasing an additional 4,616 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of American Electric Power in the 2nd quarter worth $7,722,000. TrueMark Investments LLC lifted its holdings in shares of American Electric Power by 8.6% in the 2nd quarter. TrueMark Investments LLC now owns 50,975 shares of the company’s stock worth $5,289,000 after purchasing an additional 4,028 shares in the last quarter. Vigilare Wealth Management bought a new position in shares of American Electric Power in the 2nd quarter worth $556,000. Finally, Mainstay Capital Management LLC ADV lifted its holdings in shares of American Electric Power by 103.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 31,338 shares of the company’s stock worth $3,252,000 after purchasing an additional 15,954 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

Shares of AEP opened at $119.76 on Friday. The company’s fifty day moving average is $113.38 and its 200-day moving average is $108.79. American Electric Power has a 12 month low of $89.91 and a 12 month high of $122.85. The firm has a market cap of $64.10 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 3.22 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate 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 business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company earned $1.85 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts expect that American Electric Power will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is 55.39%.

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.