American Electric Power (NASDAQ:AEP) Price Target Cut to $139.00 by Analysts at BMO Capital Markets

American Electric Power (NASDAQ:AEP) had its target price cut by BMO Capital Markets from $141.00 to $139.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

AEP has been the subject of several other reports. Jefferies Financial Group lifted their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Citigroup increased 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. LADENBURG THALM/SH SH decreased their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Truist Financial raised their price target on American Electric Power from $145.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.71.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $133.07 on Wednesday. American Electric Power has a 12-month low of $105.70 and a 12-month high of $140.58. The company’s 50 day moving average price is $131.36 and its two-hundred day moving average price is $129.04. The firm has a market cap of $72.40 billion, a PE ratio of 19.54, a PEG ratio of 2.39 and a beta of 0.52. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 10th. American Electric Power’s payout ratio is currently 55.80%.

Hedge Funds Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of American Electric Power during the 1st quarter valued at $320,000. Sivia Capital Partners LLC grew its holdings in shares of American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after acquiring an additional 105 shares during the last quarter. Finally, AXA S.A. grew its stake in shares of American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after purchasing an additional 38,684 shares during the last quarter. 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.