Truist Financial Issues Positive Forecast for American Electric Power (NASDAQ:AEP) Stock Price

American Electric Power (NASDAQ:AEP) had its price objective lifted by Truist Financial from $145.00 to $146.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on AEP. The Goldman Sachs Group lifted their price target on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. BMO Capital Markets reduced their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. Citigroup boosted their target price on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, April 20th. Finally, Barclays raised their price target on American Electric Power from $136.00 to $138.00 and gave the company an “equal weight” rating in a report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.52.

American Electric Power Stock Down 0.7%

AEP stock opened at $132.14 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The stock has a market capitalization of $71.90 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.44 and a beta of 0.52. American Electric Power has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The business has a 50-day moving average of $131.28 and a 200-day moving average of $128.62.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business earned $1.54 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side analysts anticipate that American Electric Power will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s payout ratio is 55.80%.

Institutional Trading of American Electric Power

A number of institutional investors and hedge funds have recently bought and sold shares of AEP. Activest Wealth Management lifted its holdings in 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 buying an additional 91 shares during the period. Optima Capital LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at about $26,000. Rakuten Securities Inc. increased its stake in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Costello Asset Management INC raised its position in shares of American Electric Power by 100.0% during the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID raised its position in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after acquiring an additional 154 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.