American Electric Power (NASDAQ:AEP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised its price target for American Electric Power (AEP) from $115.00 to $121.00, suggesting a potential upside of 2.21% from the current price, while maintaining a "neutral" rating.
• Analysts have mixed views on AEP, with ratings ranging from Buy to Sell, and a consensus price target of $116.91.
• American Electric Power reported strong quarterly earnings, with earnings per share of $1.43, exceeding estimates, and a revenue increase of 11.1% compared to the previous year.

American Electric Power (NASDAQ:AEP - Get Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from $115.00 to $121.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 2.21% from the stock's current price.

Other research analysts have also issued reports about the stock. LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a report on Wednesday, September 10th. Barclays upped their price target on American Electric Power from $111.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Jefferies Financial Group lowered their price objective on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Thursday, September 11th. Mizuho reduced their target price on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Finally, Raymond James Financial reissued an "outperform" rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $116.91.

American Electric Power Stock Up 1.4%

Shares of NASDAQ:AEP opened at $118.38 on Wednesday. The stock has a market capitalization of $63.31 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48. The stock's 50-day moving average price is $111.58 and its 200-day moving average price is $107.31. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power has a 12-month low of $89.91 and a 12-month high of $119.06.

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

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,006 shares of company stock valued at $1,243,522. 0.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Electric Power

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC lifted its holdings in American Electric Power by 12.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company's stock valued at $82,000 after buying an additional 89 shares in the last quarter. Gilbert & Cook Inc. raised its stake in shares of American Electric Power by 2.3% during the second quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company's stock valued at $419,000 after acquiring an additional 91 shares in the last quarter. Eagle Strategies LLC boosted its holdings in shares of 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 stake in American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock worth $433,000 after purchasing an additional 95 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in American Electric Power by 3.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock worth $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 Company Profile

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.

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