American Electric Power (NASDAQ:AEP) Price Target Cut to $120.00 by Analysts at Barclays

Key Points

• Barclays lowered American Electric Power’s price target from $129 to $120 while maintaining an “equal weight” rating, implying 3.3% downside from the prior close.
• Analyst sentiment remains generally positive: AEP has a consensus “Moderate Buy” rating and an average price target of $139.19, despite several recent target reductions.
• AEP shares traded at $124.09, while the company’s latest quarterly results showed revenue growth of 7% year over year but EPS of $1.36, below the $1.48 analyst consensus.

American Electric Power (NASDAQ:AEP - Get Free Report) had its price target decreased by analysts at Barclays from $129.00 to $120.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target points to a potential downside of 3.30% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating on the stock in a research report on Thursday, June 18th. Morgan Stanley lowered their price objective on shares of American Electric Power from $135.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday, September 18th. Jefferies Financial Group lifted their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. UBS Group set a $139.00 target price on shares of American Electric Power in a report on Monday, September 21st. Finally, Truist Financial cut their target price on shares of American Electric Power from $146.00 to $139.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.19.

American Electric Power Price Performance

AEP stock traded up $1.28 during trading on Monday, hitting $124.09. The company had a trading volume of 919,786 shares, compared to its average volume of 3,977,208. The business has a 50 day moving average of $122.77 and a 200 day moving average of $128.74. The firm has a market capitalization of $67.56 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.60 and a beta of 0.48. American Electric Power has a fifty-two week low of $112.54 and a fifty-two week high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44.

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

Insiders Place Their Bets

In related news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 15,856 shares of the company's stock, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company's stock.

Institutional Trading of American Electric Power

Hedge funds have recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its holdings in American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company's stock valued at $27,000 after buying an additional 105 shares in the last quarter. Costello Asset Management INC lifted its holdings in shares of American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company's stock worth $26,000 after buying an additional 100 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of American Electric Power in the second quarter worth about $27,000. Caitlin John LLC bought a new position in shares of American Electric Power in the second quarter valued at approximately $27,000. Finally, Premier Financial Group bought a new position in shares of American Electric Power in the second quarter valued at approximately $28,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Company Profile

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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