American Electric Power (NASDAQ:AEP) Price Target Cut to $117.50 by Analysts at LADENBURG THALM/SH SH

American Electric Power (NASDAQ:AEP) had its target price cut by research analysts at LADENBURG THALM/SH SH from $124.50 to $117.50 in a report released on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price objective would indicate a potential upside of 0.75% from the company’s current price.

Other analysts also recently issued research reports about the company. BTIG Research began coverage on American Electric Power in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday. UBS Group decreased their price objective on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, December 17th. Barclays increased their price objective on shares of American Electric Power from $117.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and a consensus target price of $127.29.

American Electric Power Stock Down 0.5%

NASDAQ:AEP opened at $116.63 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. American Electric Power has a twelve month low of $97.05 and a twelve month high of $124.80. The company has a market cap of $62.29 billion, a PE ratio of 17.00, a P/E/G ratio of 2.80 and a beta of 0.63. The company’s 50 day moving average is $117.56 and its two-hundred day moving average is $114.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. 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.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the 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 transaction, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in American Electric Power by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after purchasing an additional 197,998 shares during the last quarter. State Street Corp lifted its stake in shares of American Electric Power by 1.4% in the third quarter. State Street Corp now owns 28,922,911 shares of the company’s stock worth $3,253,827,000 after buying an additional 406,445 shares in the last quarter. Geode Capital Management LLC boosted its position in American Electric Power by 2.2% during the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock worth $1,379,532,000 after acquiring an additional 285,000 shares during the last quarter. Invesco Ltd. grew its stake in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after acquiring an additional 432,441 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after acquiring an additional 1,285,279 shares during the last quarter. Institutional investors and hedge funds 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.