TD Cowen Boosts American Electric Power (NASDAQ:AEP) Price Target to $141.00

American Electric Power (NASDAQ:AEP) had its target price raised by stock analysts at TD Cowen from $137.00 to $141.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 9.80% from the stock’s previous close.

A number of other brokerages have also recently weighed in on AEP. Mizuho lifted their price target on shares of American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Evercore reiterated an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. BMO Capital Markets upped their price target on American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a research note on Tuesday. Siebert Williams Shank assumed coverage on American Electric Power in a research note on Thursday, December 18th. They issued a “buy” rating and a $137.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $130.88.

American Electric Power Stock Performance

American Electric Power stock opened at $128.42 on Friday. The stock has a market cap of $69.46 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.99 and a beta of 0.62. 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 firm has a 50 day simple moving average of $118.69 and a 200-day simple moving average of $116.41. American Electric Power has a 1-year low of $97.46 and a 1-year high of $132.78.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data 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 firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The firm’s quarterly 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, analysts expect that American Electric Power will post 5.87 EPS for the current year.

Insider Transactions at American Electric Power

In related news, 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 value of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On American Electric Power

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of American Electric Power by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after buying an additional 828,588 shares during the period. State Street Corp grew its holdings in American Electric Power by 5.2% during the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after acquiring an additional 1,514,865 shares in the last quarter. Morgan Stanley grew its holdings in American Electric Power by 1.9% during the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after acquiring an additional 271,879 shares in the last quarter. Geode Capital Management LLC increased its position in shares of American Electric Power by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after purchasing an additional 83,285 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of American Electric Power by 0.5% in the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after purchasing an additional 57,807 shares in the last quarter. Institutional investors and hedge funds 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.