Mizuho Lowers American Electric Power (NASDAQ:AEP) Price Target to $113.00

Key Points

• Mizuho has reduced the price target for American Electric Power (AEP) from $116.00 to $113.00, maintaining a "neutral" rating, indicating a potential upside of 4.50% from its current price.
• Other analysts have varied opinions, with five rating the stock as a Buy, eight as Hold, and one as Sell, leading to a consensus price target of $111.71.
• American Electric Power recently reported earnings of $1.43 per share for the quarter, exceeding analysts' estimates of $1.27, and had revenue of $5.09 billion, surpassing expectations of $4.85 billion.

American Electric Power (NASDAQ:AEP - Get Free Report) had its target price dropped by research analysts at Mizuho from $116.00 to $113.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Mizuho's price objective points to a potential upside of 4.50% from the company's current price.

A number of other equities analysts have also recently issued reports on AEP. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Jefferies Financial Group cut their target price on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Thursday, September 11th. UBS Group lifted their target price 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. Scotiabank lifted their target price on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Barclays boosted their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.71.

American Electric Power Price Performance

AEP stock traded down $0.97 during trading on Tuesday, reaching $108.13. 343,490 shares of the company were exchanged, compared to its average volume of 3,500,787. The company has a market cap of $57.83 billion, a P/E ratio of 15.81, a PEG ratio of 2.90 and a beta of 0.46. American Electric Power has a 52-week low of $89.91 and a 52-week high of $115.36. The stock's 50 day moving average price is $110.13 and its 200 day moving average price is $106.29. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

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

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company's stock.

Institutional Investors Weigh In On American Electric Power

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in American Electric Power by 0.4% during the second quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company's stock worth $5,444,057,000 after buying an additional 197,998 shares during the period. State Street Corp grew its stake in American Electric Power by 2.3% during the second quarter. State Street Corp now owns 28,516,466 shares of the company's stock worth $2,958,869,000 after buying an additional 653,712 shares during the period. Wellington Management Group LLP grew its stake in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock worth $2,415,144,000 after buying an additional 4,323,569 shares during the period. GQG Partners LLC grew its stake in American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock worth $2,145,130,000 after buying an additional 4,570,941 shares during the period. Finally, Geode Capital Management LLC grew its stake in American Electric Power by 2.2% during the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company's stock worth $1,379,532,000 after buying an additional 285,000 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.