American Electric Power Company, Inc. (NASDAQ:AEP) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on American Electric Power, with 13 buy ratings and nine holds among 22 firms. The average 12-month price target is $140.19, above the stock’s reported $122.71 price.
• Institutional investors own 75.24% of AEP, with several funds increasing their positions during the second quarter, including Amundi and California State Teachers Retirement System.
• AEP’s latest quarterly EPS of $1.36 missed estimates of $1.48, although revenue reached $5.45 billion and rose 7% year over year. The company declared a quarterly dividend of $0.95, representing a 3.1% annualized yield.

American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $140.1905.

A number of research firms have commented on AEP. Barclays cut their price target on shares of American Electric Power from $138.00 to $129.00 and set an "equal weight" rating for the company in a research note on Monday, August 3rd. Mizuho dropped their price objective on shares of American Electric Power from $141.00 to $135.00 and set a "neutral" rating for the company in a report on Friday, July 31st. 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 report on Monday, August 17th. LADENBURG THALM/SH SH cut their target price on shares of American Electric Power from $148.00 to $143.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Finally, Wells Fargo & Company increased their target price on American Electric Power from $144.00 to $148.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AEP. Amundi boosted its stake in shares of American Electric Power by 14.2% in the 2nd quarter. Amundi now owns 2,901,661 shares of the company's stock valued at $396,976,000 after purchasing an additional 360,614 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of American Electric Power during the 2nd quarter valued at $43,027,000. California State Teachers Retirement System raised its position in American Electric Power by 13,905.1% in the 2nd quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company's stock worth $11,844,009,000 after purchasing an additional 85,954,533 shares during the period. Greenland Capital Management LP raised its position in American Electric Power by 49.5% in the 2nd quarter. Greenland Capital Management LP now owns 76,954 shares of the company's stock worth $10,528,000 after purchasing an additional 25,477 shares during the period. Finally, Wedmont Private Capital lifted its stake in American Electric Power by 6.0% in the second quarter. Wedmont Private Capital now owns 9,370 shares of the company's stock worth $1,269,000 after purchasing an additional 530 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Down 0.5%

AEP stock opened at $122.71 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $66.80 billion, a PE ratio of 21.05, a PEG ratio of 2.25 and a beta of 0.52. American Electric Power has a twelve month low of $105.70 and a twelve month high of $140.58. The stock has a 50-day simple moving average of $130.53 and a two-hundred day simple moving average of $130.63.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results 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). The firm had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts predict that American Electric Power will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power's payout ratio is presently 65.18%.

American Electric Power Company Profile

American Electric Power NASDAQ: AEP is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.

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