American Electric Power Company, Inc. (NASDAQ:AEP) Receives $111.29 Consensus Price Target from Analysts

Key Points

• American Electric Power Company, Inc. (NASDAQ:AEP) has received a consensus rating of "Hold" from fourteen brokerages, with one sell, eight hold, and five buy recommendations.
• The company recently upped its quarterly dividend to $0.93 per share, resulting in a 3.3% yield, with the next payment scheduled for September 10th.
• In its latest earnings report, AEP reported $1.43 EPS, surpassing analysts' expectations, alongside a revenue increase of 11.1% year-over-year to $5.09 billion.

Shares of American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) have earned an average rating of "Hold" from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $111.2857.

AEP has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Raymond James Financial restated an "outperform" rating and set a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Scotiabank lifted their target price on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Guggenheim lifted their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Citigroup boosted their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th.

Insider Activity

In related news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the transaction, the executive vice president owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 24,173 shares of company stock worth $2,467,015 over the last quarter. Corporate insiders own 0.07% of the company's stock.

Hedge Funds Weigh In On American Electric Power

Several institutional investors and hedge funds have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its holdings in American Electric Power by 12.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company's stock valued at $82,000 after purchasing an additional 89 shares during the period. Gilbert & Cook Inc. grew its holdings in American Electric Power by 2.3% in the second quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company's stock valued at $419,000 after purchasing an additional 91 shares during the period. Eagle Strategies LLC grew its holdings in American Electric Power by 1.7% in the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company's stock valued at $572,000 after purchasing an additional 94 shares during the period. Clarius Group LLC grew its holdings in American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after purchasing an additional 95 shares during the period. Finally, McIlrath & Eck LLC grew its holdings in American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

AEP traded down $0.1840 during midday trading on Monday, reaching $112.9560. 278,740 shares of the company's stock were exchanged, compared to its average volume of 3,549,812. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a market capitalization of $60.41 billion, a PE ratio of 16.52, a P/E/G ratio of 3.01 and a beta of 0.40. The business's 50-day moving average price is $107.55 and its 200 day moving average price is $105.38. American Electric Power has a 1-year low of $89.91 and a 1-year high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities analysts anticipate that American Electric Power will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. American Electric Power's dividend payout ratio is presently 54.39%.

About American Electric Power

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.