Morgan Stanley Issues Positive Forecast for American Electric Power (NASDAQ:AEP) Stock Price

American Electric Power (NASDAQ:AEP) had its target price lifted by analysts at Morgan Stanley from $129.00 to $136.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 1.26% from the stock’s previous close.

AEP has been the topic of several other research reports. Argus raised their price objective on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Mizuho upped their target price on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wells Fargo & Company increased their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Barclays increased their target price on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Citigroup raised their price target on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $141.19.

American Electric Power Trading Up 0.4%

Shares of NASDAQ:AEP traded up $0.57 during trading on Wednesday, reaching $134.31. The stock had a trading volume of 577,874 shares, compared to its average volume of 3,900,901. The business has a fifty day moving average price of $130.64 and a 200-day moving average price of $126.11. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The stock has a market cap of $73.08 billion, a P/E ratio of 19.70, a PEG ratio of 2.60 and a beta of 0.53. American Electric Power has a fifty-two week low of $101.15 and a fifty-two week high of $139.44.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. American Electric Power’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts anticipate that American Electric Power will post 6.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sapient Capital LLC boosted its holdings in American Electric Power by 5.9% in the first quarter. Sapient Capital LLC now owns 2,384 shares of the company’s stock valued at $312,000 after acquiring an additional 133 shares during the last quarter. Western Wealth Management LLC increased its stake in American Electric Power by 93.7% during the first quarter. Western Wealth Management LLC now owns 14,267 shares of the company’s stock worth $1,870,000 after acquiring an additional 6,902 shares during the last quarter. LFG Wealth Partners LLC raised its holdings in shares of American Electric Power by 8.7% in the 1st quarter. LFG Wealth Partners LLC now owns 12,453 shares of the company’s stock worth $1,632,000 after purchasing an additional 999 shares during the period. Chelsea Counsel Co. raised its holdings in shares of American Electric Power by 57.3% in the 1st quarter. Chelsea Counsel Co. now owns 1,895 shares of the company’s stock worth $248,000 after purchasing an additional 690 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of American Electric Power by 2.4% in the 1st quarter. Parallel Advisors LLC now owns 9,498 shares of the company’s stock valued at $1,245,000 after purchasing an additional 226 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.