American Electric Power (NASDAQ:AEP) Stock Price Expected to Rise, Argus Analyst Says

American Electric Power (NASDAQ:AEP) had its price objective raised by analysts at Argus from $128.00 to $140.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Argus’ price target indicates a potential upside of 4.66% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Bank of America lowered American Electric Power from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $131.00 to $122.00 in a research report on Monday, January 12th. Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday. Scotiabank upped their price target on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, December 16th. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.88.

American Electric Power Stock Down 0.0%

Shares of NASDAQ AEP opened at $133.77 on Monday. American Electric Power has a 52-week low of $97.46 and a 52-week high of $134.60. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The stock has a market cap of $72.35 billion, a P/E ratio of 19.92, a P/E/G ratio of 3.14 and a beta of 0.61. The firm has a 50 day moving average price of $120.75 and a 200 day moving average price of $117.26.

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

Insider Buying and Selling at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction 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 directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction 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 transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds and other institutional investors have recently made changes to their positions in AEP. Activest Wealth Management lifted its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Optima Capital LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in shares of American Electric Power in the third quarter valued at approximately $26,000. Finally, Dogwood Wealth Management LLC grew its stake in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.