LADENBURG THALM/SH SH Issues Pessimistic Forecast for American Electric Power (NASDAQ:AEP) Stock Price

American Electric Power (NASDAQ:AEP) had its price target decreased by investment analysts at LADENBURG THALM/SH SH from $124.50 to $117.50 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 0.75% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Siebert Williams Shank initiated coverage on American Electric Power in a report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price target for the company. Scotiabank increased their target price on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday. UBS Group decreased their price objective on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, December 17th. Finally, Citigroup raised their price objective on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and an average target price of $127.29.

American Electric Power Stock Down 0.5%

Shares of NASDAQ:AEP opened at $116.63 on Friday. American Electric Power has a fifty-two week low of $97.05 and a fifty-two week high of $124.80. The firm’s 50 day moving average price is $117.56 and its 200 day moving average price is $114.54. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. The stock has a market cap of $62.29 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts predict that American Electric Power will post 5.87 earnings per share for the current fiscal year.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company’s stock.

Institutional Trading of American Electric Power

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bridgewater Advisors Inc. raised its holdings in American Electric Power by 9.7% during the fourth quarter. Bridgewater Advisors Inc. now owns 6,888 shares of the company’s stock worth $814,000 after purchasing an additional 609 shares in the last quarter. TFC Financial Management Inc. raised its stake in shares of American Electric Power by 89.8% during the 4th quarter. TFC Financial Management Inc. now owns 951 shares of the company’s stock worth $110,000 after buying an additional 450 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of American Electric Power by 39.8% in the 4th quarter. Farther Finance Advisors LLC now owns 22,863 shares of the company’s stock valued at $2,636,000 after buying an additional 6,512 shares during the period. Sage Mountain Advisors LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at approximately $268,000. Finally, Patton Fund Management Inc. raised its position in American Electric Power by 3,649.0% in the fourth quarter. Patton Fund Management Inc. now owns 77,342 shares of the company’s stock worth $8,918,000 after acquiring an additional 75,279 shares in the last quarter. 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.