American Electric Power (NASDAQ:AEP) Given New $135.00 Price Target at UBS Group

American Electric Power (NASDAQ:AEP) had its price target boosted by stock analysts at UBS Group from $132.00 to $135.00 in a research report issued to clients and investors on Monday,MarketScreener reports. UBS Group’s target price indicates a potential upside of 2.37% from the stock’s current price.

A number of other brokerages also recently issued reports on AEP. Evercore boosted their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley reiterated an “overweight” rating and set a $133.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Siebert Williams Shank initiated coverage on shares of American Electric Power in a report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price target for the company. Finally, Williams Trading set a $137.00 price objective on shares of American Electric Power in a research report on Thursday, December 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and a consensus target price of $135.24.

American Electric Power Trading Down 0.1%

American Electric Power stock opened at $131.87 on Monday. American Electric Power has a 1 year low of $97.46 and a 1 year high of $134.60. The firm’s 50 day moving average price is $122.48 and its 200-day moving average price is $117.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. The stock has a market cap of $71.60 billion, a P/E ratio of 19.68, a PEG ratio of 3.10 and a beta of 0.61.

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

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was 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 of the company’s stock, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 10,457 shares of company stock valued at $1,295,273. Corporate insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

Institutional investors and hedge funds have recently modified their holdings of the business. Activest Wealth Management increased its position in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of American Electric Power in the 3rd quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in American Electric Power during the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC lifted its stake in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares in the last quarter. Finally, Optima Capital LLC purchased a new stake in shares of American Electric Power during the fourth quarter valued at approximately $26,000. 75.24% of the stock is currently owned by institutional investors.

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.