American Electric Power's (AEP) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• American Electric Power's stock has been reissued a "buy" rating by Weiss Ratings, indicating confidence in its performance despite recent fluctuations in target prices from various analysts.
• Shares of American Electric Power recently traded at $116.24, reflecting a market capitalization of $62.16 billion and a P/E ratio of 17.01, with the company aiming for FY 2025 earnings between 6.570-6.770 EPS.
• In recent insider trading, Director Benjamin G. S. Fowke III sold 5,000 shares, which represents a 12.23% decrease in his holdings, raising concerns about insider sentiment.

American Electric Power (NASDAQ:AEP - Get Free Report)'s stock had its "buy (b)" rating reissued by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. Morgan Stanley lifted their target price on shares of American Electric Power from $115.00 to $123.00 and gave the company an "overweight" rating in a report on Wednesday. Raymond James Financial reissued an "outperform" rating and issued a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. TD Cowen began coverage on shares of American Electric Power in a report on Thursday, October 16th. They issued a "buy" rating and a $133.00 price target for the company. Cowen began coverage on shares of American Electric Power in a report on Wednesday, October 15th. They issued a "buy" rating for the company. Finally, Mizuho cut their price target on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a report on Tuesday, September 16th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $119.74.

American Electric Power Stock Up 0.0%

Shares of NASDAQ:AEP traded up $0.06 during trading on Friday, reaching $116.24. The stock had a trading volume of 650,821 shares, compared to its average volume of 3,482,480. American Electric Power has a one year low of $89.91 and a one year high of $120.46. The company has a market capitalization of $62.16 billion, a P/E ratio of 17.01, a PEG ratio of 3.10 and a beta of 0.48. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The firm's 50-day simple moving average is $112.23 and its 200 day simple moving average is $107.82.

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

Insider Buying and Selling at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the sale, the director owned 35,898 shares of the company's stock, valued at $4,218,732.96. The trade was a 12.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is currently owned by corporate insiders.

Institutional Trading of American Electric Power

A number of large investors have recently made changes to their positions in AEP. Brighton Jones LLC grew its position in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock valued at $978,000 after buying an additional 1,095 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock worth $2,150,000 after buying an additional 3,867 shares during the last quarter. Phillips Wealth Planners LLC acquired a new position in American Electric Power in the 1st quarter valued at about $201,000. Robeco Institutional Asset Management B.V. raised its stake in American Electric Power by 32.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 38,657 shares of the company's stock valued at $4,224,000 after purchasing an additional 9,425 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in American Electric Power by 4.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,986 shares of the company's stock valued at $326,000 after purchasing an additional 114 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

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