American Electric Power (NASDAQ:AEP) Coverage Initiated by Analysts at Evercore ISI

Key Points

• Evercore ISI has initiated coverage on American Electric Power (NASDAQ:AEP) with an "outperform" rating, indicating a positive outlook for the stock.
• American Electric Power has received varying ratings from analysts, with target prices ranging from $108.50 to $122.00, reflecting diverse perspectives on its future performance.
• The company recently reported quarterly earnings of $1.43 per share, exceeding analyst expectations and showing an 11.1% increase in revenue year-over-year.

Evercore ISI began coverage on shares of American Electric Power (NASDAQ:AEP - Get Free Report) in a report released on Monday, MarketBeat Ratings reports. The firm set an "outperform" rating on the stock.

Several other analysts also recently commented on the stock. UBS Group raised their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday, July 31st. Jefferies Financial Group cut their target price on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a report on Thursday, September 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a report on Saturday, September 27th. Raymond James Financial reiterated an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, LADENBURG THALM/SH SH cut their target price on American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of "Hold" and an average price target of $114.10.

American Electric Power Stock Performance

Shares of AEP stock opened at $118.16 on Monday. The company has a market cap of $63.19 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 3.06 and a beta of 0.48. American Electric Power has a 52 week low of $89.91 and a 52 week high of $119.06. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $111.20 and a 200-day moving average of $106.86.

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

Insiders Place Their Bets

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was 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 $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.07% of the company's stock.

Hedge Funds Weigh In On American Electric Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EQ Wealth Advisors LLC bought a new stake in shares of American Electric Power in the first quarter valued at approximately $25,000. Advantage Trust Co raised its position in shares of American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares during the period. Montag A & Associates Inc. raised its position in shares of American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company's stock valued at $29,000 after purchasing an additional 176 shares during the period. Bayforest Capital Ltd bought a new stake in shares of American Electric Power in the first quarter valued at approximately $31,000. Finally, Missouri Trust & Investment Co bought a new stake in shares of American Electric Power in the second quarter valued at approximately $31,000. 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.