Morgan Stanley Cuts American Electric Power (NASDAQ:AEP) Price Target to $128.00

American Electric Power (NASDAQ:AEP) had its target price decreased by investment analysts at Morgan Stanley from $130.00 to $128.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 5.17% from the stock’s current price.

AEP has been the topic of a number of other reports. The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $128.00 to $133.00 in a research note on Thursday, October 30th. Barclays upped their price objective on American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. TD Cowen upgraded American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Finally, LADENBURG THALM/SH SH increased their price target on American Electric Power from $108.50 to $124.50 and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.85.

American Electric Power Stock Down 1.5%

AEP opened at $121.71 on Thursday. American Electric Power has a one year low of $89.91 and a one year high of $124.80. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The stock has a market capitalization of $65.00 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The business’s 50-day simple moving average is $115.89 and its 200-day simple moving average is $109.82.

American Electric Power (NASDAQ:AEP) last announced 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 net margin of 17.23% and a return on equity of 11.29%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts anticipate that American Electric Power will post 5.87 EPS for the current year.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $121.58, for a total transaction of $607,900.00. Following the transaction, the director directly owned 30,898 shares of the company’s stock, valued at $3,756,578.84. This represents a 13.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,006 shares of company stock worth $1,851,422 over the last 90 days. Insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On American Electric Power

A number of institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in American Electric Power during the third quarter worth $26,000. Dogwood Wealth Management LLC raised its stake in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power in the 3rd quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $29,000. Finally, Advantage Trust Co increased its holdings in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

About American Electric Power

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.