American Electric Power (NASDAQ:AEP) Given New $131.00 Price Target at Scotiabank

Key Points

• Scotiabank cut American Electric Power’s price target from $140 to $131 while maintaining a “sector perform” rating, implying approximately 9.81% upside from the stock’s current price.
• AEP shares opened at $119.30, with a 52-week range of $109.67 to $140.58. The company reported quarterly EPS of $1.36, below the $1.48 consensus estimate, though revenue rose 7% year over year to $5.45 billion.
• Analyst sentiment remains broadly positive, with 13 Buy ratings and nine Holds, producing a “Moderate Buy” consensus and an average price target of $139.62; institutional investors own 75.24% of the stock.

American Electric Power (NASDAQ:AEP - Get Free Report) had its target price cut by equities researchers at Scotiabank from $140.00 to $131.00 in a research note issued on Wednesday. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 9.81% from the stock's current price.

AEP has been the subject of several other research reports. TD Cowen reiterated a "buy" rating on shares of American Electric Power in a research report on Wednesday, September 9th. UBS Group set a $139.00 target price on shares of American Electric Power in a research note on Monday, September 21st. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a research report on Thursday, August 27th. Barclays dropped their price objective on shares of American Electric Power from $138.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Monday, August 3rd. Finally, Citigroup dropped their price target on American Electric Power from $148.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, American Electric Power presently has an average rating of "Moderate Buy" and a consensus price target of $139.62.

American Electric Power Stock Performance

NASDAQ:AEP opened at $119.30 on Wednesday. American Electric Power has a fifty-two week low of $109.67 and a fifty-two week high of $140.58. The firm's 50 day moving average is $124.55 and its two-hundred day moving average is $129.31. The company has a market cap of $64.95 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the previous year, the company earned $1.43 EPS. American Electric Power's revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts expect that American Electric Power will post 6.38 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Kate Dixon sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer owned 15,856 shares in the company, valued at $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

Hedge Funds Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEP. Essex Financial Services Inc. raised its holdings in American Electric Power by 0.9% in the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company's stock valued at $1,077,000 after acquiring an additional 75 shares in the last quarter. Cornerstone Advisory LLC lifted its holdings in American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company's stock valued at $764,000 after purchasing an additional 75 shares during the last quarter. Financial Enhancement Group LLC increased its holdings in shares of American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company's stock worth $319,000 after buying an additional 76 shares in the last quarter. Community Trust & Investment Co. increased its holdings in American Electric Power by 1.7% during the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company's stock valued at $647,000 after purchasing an additional 77 shares in the last quarter. Finally, J2 Capital Management Inc raised its position in American Electric Power by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company's stock valued at $537,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

About American Electric Power

American Electric Power NASDAQ: AEP is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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