American Electric Power (NASDAQ:AEP) Price Target Raised to $144.00 at Wells Fargo & Company

American Electric Power (NASDAQ:AEP) had its price target boosted by Wells Fargo & Company from $141.00 to $144.00 in a research note released on Monday,MarketScreener reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on American Electric Power from $139.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group lifted their target price on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets boosted their price target on shares of American Electric Power from $136.00 to $141.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Mizuho increased their price target on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a report on Friday, February 13th. 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 a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

American Electric Power Trading Down 0.3%

NASDAQ:AEP opened at $133.28 on Monday. American Electric Power has a 52 week low of $97.46 and a 52 week high of $137.74. The firm has a 50-day moving average price of $131.35 and a two-hundred day moving average price of $122.84. 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 firm has a market cap of $72.45 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 3.14 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last announced its earnings results 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities analysts expect that American Electric Power will post 6.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This represents a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. The trade was a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Electric Power

Several large investors have recently modified their holdings of AEP. Kestra Private Wealth Services LLC lifted its stake in shares of American Electric Power by 11.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 56,246 shares of the company’s stock valued at $7,373,000 after buying an additional 5,710 shares in the last quarter. Financial Enhancement Group LLC boosted its holdings in American Electric Power by 3.3% in the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after buying an additional 76 shares during the period. Ritholtz Wealth Management grew its stake in American Electric Power by 23.1% in the 1st quarter. Ritholtz Wealth Management now owns 6,698 shares of the company’s stock valued at $878,000 after buying an additional 1,258 shares in the last quarter. Breakwater Capital Group bought a new stake in American Electric Power during the 1st quarter valued at $219,000. Finally, Friedenthal Financial bought a new stake in American Electric Power during the 1st quarter valued at $89,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

About American Electric Power

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.