American Electric Power (NASDAQ:AEP) Price Target Raised to $141.00

American Electric Power (NASDAQ:AEP) had its price objective increased by TD Cowen from $137.00 to $141.00 in a report published on Friday morning, MarketBeat.com reports. TD Cowen currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. LADENBURG THALM/SH SH cut their price objective on American Electric Power from $124.50 to $117.50 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Raymond James Financial reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. BMO Capital Markets increased their price objective on shares of American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Williams Trading set a $137.00 target price on shares of American Electric Power in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Hold” and an average target price of $131.28.

American Electric Power Trading Up 0.7%

NASDAQ:AEP opened at $129.37 on Friday. American Electric Power has a one year low of $97.46 and a one year high of $132.78. The business has a fifty day moving average price of $119.00 and a 200-day moving average price of $116.56. The firm has a market capitalization of $69.97 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 3.04 and a beta of 0.62. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.American Electric Power’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts forecast that American Electric Power will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 56.72%.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AEP. Activest Wealth Management raised its position in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of American Electric Power in the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new position in shares of American Electric Power during the 3rd quarter valued at approximately $26,000. Dogwood Wealth Management LLC raised its holdings in American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after buying an additional 175 shares during the period. Finally, Optima Capital LLC purchased a new stake in American Electric Power during the 4th quarter valued at $26,000. 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.