American Electric Power (NASDAQ:AEP) Given New $153.00 Price Target at Evercore

American Electric Power (NASDAQ:AEP) had its price objective boosted by equities research analysts at Evercore from $137.00 to $153.00 in a report released on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Evercore’s price target points to a potential upside of 15.47% from the company’s previous close.

AEP has been the topic of several other reports. BMO Capital Markets upped their price target on American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Bank of America lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Siebert Williams Shank started coverage on shares of American Electric Power in a research report on Thursday, December 18th. They set a “buy” rating and a $137.00 price target for the company. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Wednesday. Finally, Mizuho lifted their price objective on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average price target of $135.10.

American Electric Power Stock Performance

Shares of AEP stock opened at $132.50 on Thursday. The firm’s 50 day moving average is $121.82 and its 200 day moving average is $117.65. The stock has a market capitalization of $71.66 billion, a P/E ratio of 19.78, a PEG ratio of 3.10 and a beta of 0.61. American Electric Power has a 12 month low of $97.46 and a 12 month high of $134.60. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37.

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

Insider Activity

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, the executive vice president directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s 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 $2,025,798.60. The trade was a 8.06% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,457 shares of company stock worth $1,295,273. 0.07% of the stock is currently owned by insiders.

Institutional Trading of American Electric Power

A number of institutional investors have recently made changes to their positions in the stock. Pure Financial Advisors LLC bought a new stake in American Electric Power during the 4th quarter valued at $280,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of American Electric Power by 210.1% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,250 shares of the company’s stock valued at $15,019,000 after acquiring an additional 88,250 shares during the period. Rehmann Capital Advisory Group increased its position in shares of American Electric Power by 7.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 8,157 shares of the company’s stock valued at $941,000 after acquiring an additional 531 shares during the period. SHP Wealth Management bought a new position in shares of American Electric Power during the fourth quarter valued at about $84,000. Finally, Tulsa Wealth Advisors INC purchased a new stake in shares of American Electric Power during the fourth quarter worth about $471,000. Hedge funds and other 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.