American Electric Power (NASDAQ:AEP) Stock Price Target Lowered at JPMorgan Chase & Co.

American Electric Power (NASDAQ:AEP) had its price target reduced by research analysts at JPMorgan Chase & Co. from $140.00 to $135.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 8.25% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. UBS Group set a $135.00 price target on American Electric Power in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Mizuho dropped their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Scotiabank decreased their price target on American Electric Power from $140.00 to $131.00 and set a “sector perform” rating for the company in a report on Wednesday, September 30th. Finally, KeyCorp upgraded shares of American Electric Power from a “sector weight” rating to an “overweight” rating and set a $133.00 target price for the company in a report on Monday, October 12th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.45.

American Electric Power Price Performance

NASDAQ AEP traded down $2.43 during trading on Monday, hitting $124.71. 1,685,093 shares of the stock traded hands, compared to its average volume of 3,963,548. The company has a market capitalization of $67.89 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.48. American Electric Power has a 12-month low of $112.54 and a 12-month high of $140.58. The firm has a 50-day simple moving average of $122.64 and a 200-day simple moving average of $128.60. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the company posted $1.43 EPS. American Electric Power’s quarterly revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts predict that American Electric Power will post 6.39 EPS for the current year.

Insider Transactions at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

Several hedge funds have recently modified their holdings of AEP. BlackRock Inc. purchased a new stake in American Electric Power during the second quarter valued at about $6,980,601,000. Pictet Asset Management Holding SA lifted its position in shares of American Electric Power by 43.7% in the first quarter. Pictet Asset Management Holding SA now owns 1,688,208 shares of the company’s stock worth $221,290,000 after purchasing an additional 513,305 shares in the last quarter. Silvant Capital Management LLC acquired a new position in American Electric Power in the 2nd quarter valued at approximately $2,278,000. Bellars Harris Wealth Management LLC acquired a new position in shares of American Electric Power in the second quarter worth $10,377,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in American Electric Power in the 2nd quarter worth about $8,448,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

About American Electric Power

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.