American Electric Power (NASDAQ:AEP) Price Target Raised to $139.00

American Electric Power (NASDAQ:AEP) had its target price lifted by JPMorgan Chase & Co. from $125.00 to $139.00 in a report released on Thursday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their target price on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Wednesday, March 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. BMO Capital Markets lifted their price objective on shares of American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Finally, Williams Trading set a $137.00 target price on shares of American Electric Power in a report on Thursday, December 18th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $135.90.

American Electric Power Trading Up 1.1%

Shares of American Electric Power stock opened at $133.61 on Thursday. The company has a market capitalization of $72.54 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.14 and a beta of 0.61. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The company has a fifty day moving average of $124.14 and a 200 day moving average of $118.60. American Electric Power has a fifty-two week low of $97.46 and a fifty-two week high of $134.60.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, sell-side analysts anticipate that American Electric Power will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s payout ratio is 56.72%.

Insider Buying and Selling at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Activest Wealth Management lifted its stake in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in American Electric Power in the 3rd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in American Electric Power in the 3rd quarter valued at $26,000. Dogwood Wealth Management LLC increased its stake in American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the period. Finally, Optima Capital LLC purchased a new stake in American Electric Power in the fourth quarter worth $26,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

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.