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

American Electric Power (NASDAQ:AEP) had its price target upped by equities researchers at The Goldman Sachs Group from $141.00 to $142.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 5.53% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on AEP. UBS Group lifted their price target on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Williams Trading set a $137.00 price objective on American Electric Power in a report on Thursday, December 18th. Evercore lifted their target price on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Wells Fargo & Company boosted their price target on American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target for the company in a research note on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.81.

American Electric Power Stock Performance

Shares of AEP opened at $134.56 on Wednesday. The firm has a fifty day moving average of $130.85 and a 200-day moving average of $122.39. The company has a market cap of $73.14 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 3.16 and a beta of 0.58. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. American Electric Power has a 1 year low of $97.46 and a 1 year high of $137.74.

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

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AEP. Activest Wealth Management grew its holdings in shares of American Electric Power by 72.2% in 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. acquired a new position in shares of American Electric Power in the 3rd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in shares of 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 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares in the last quarter. Finally, Optima Capital LLC purchased a new position in American Electric Power in the 4th quarter worth about $26,000. 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.