Truist Financial Lowers American Electric Power (NASDAQ:AEP) Price Target to $145.00

American Electric Power (NASDAQ:AEP) had its price objective decreased by Truist Financial from $148.00 to $145.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 13.49% from the stock’s previous close.

A number of other research firms also recently issued reports on AEP. Raymond James Financial reiterated an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Scotiabank increased their price objective on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a report on Friday, February 20th. Argus increased their price objective on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Mizuho increased their price objective on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and a consensus target price of $141.10.

American Electric Power Stock Down 1.4%

NASDAQ:AEP opened at $127.76 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company has a market cap of $69.51 billion, a PE ratio of 18.76, a PEG ratio of 2.58 and a beta of 0.56. American Electric Power has a 52-week low of $100.72 and a 52-week high of $139.44. The stock has a 50-day simple moving average of $131.71 and a 200 day simple moving average of $125.29.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.American Electric Power’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side analysts expect that American Electric Power will post 6.35 EPS for the current fiscal year.

Institutional Investors Weigh In On American Electric Power

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after buying an additional 828,588 shares during the last quarter. State Street Corp boosted its stake in shares of 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 during the period. Morgan Stanley boosted its stake in shares of 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 during the period. Geode Capital Management LLC boosted its stake in shares of American Electric Power by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after acquiring an additional 83,285 shares during the period. Finally, Barclays PLC boosted its stake in shares of American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after acquiring an additional 57,807 shares during the period. 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.