American Electric Power (NASDAQ:AEP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

American Electric Power (NASDAQ:AEP) had its price objective upped by research analysts at The Goldman Sachs Group from $125.00 to $128.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 7.99% from the company’s current price.

Other equities research analysts have also issued reports about the company. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Scotiabank lifted their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Evercore ISI assumed coverage on shares of American Electric Power in a report on Monday, October 6th. They issued an “outperform” rating and a $133.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Raymond James Financial restated an “outperform” rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus price target of $116.91.

American Electric Power Stock Up 0.1%

Shares of NASDAQ AEP opened at $118.53 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The company has a 50-day moving average price of $111.68 and a 200-day moving average price of $107.39. The stock has a market capitalization of $63.39 billion, a P/E ratio of 17.33, a P/E/G ratio of 3.13 and a beta of 0.48. American Electric Power has a 1 year low of $89.91 and a 1 year high of $119.40.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities research analysts forecast that American Electric Power will post 5.87 EPS for the current fiscal year.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $117.52, for a total value of $587,600.00. Following the sale, the director owned 35,898 shares of the company’s stock, valued at approximately $4,218,732.96. The trade was a 12.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,006 shares of company stock worth $1,243,522. Insiders own 0.07% of the company’s stock.

Institutional Trading of American Electric Power

Several hedge funds have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in American Electric Power in the 1st quarter worth about $568,042,000. GQG Partners LLC lifted its holdings in American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP boosted its position in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares during the period. Soroban Capital Partners LP boosted its position in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after purchasing an additional 2,555,415 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock worth $192,827,000 after purchasing an additional 1,726,868 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

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.