TD Cowen Begins Coverage on American Electric Power (NASDAQ:AEP)

Key Points

• TD Cowen has initiated coverage on American Electric Power (NASDAQ:AEP) with a "buy" rating and a price target of $133.00, indicating a potential upside of 12.21% from its current price.
• BMO Capital Markets has also raised their price target on AEP from $121.00 to $127.00, while Jefferies has reduced theirs from $120.00 to $116.00, reflecting varying analyst outlooks on the stock.
• American Electric Power reported a quarterly EPS of $1.43, surpassing analyst expectations, and indicated FY 2025 guidance of 6.570-6.770 EPS.

Stock analysts at TD Cowen began coverage on shares of American Electric Power (NASDAQ:AEP - Get Free Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $133.00 price target on the stock. TD Cowen's price target indicates a potential upside of 12.21% from the stock's current price.

Several other equities analysts also recently commented on AEP. BMO Capital Markets boosted their price target on shares of American Electric Power from $121.00 to $127.00 and gave the stock an "outperform" rating in a research note on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of American Electric Power in a research report on Wednesday, October 8th. Cowen began coverage on shares of American Electric Power in a research report on Wednesday. They issued a "buy" rating on the stock. Jefferies Financial Group dropped their price objective on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday, September 11th. Finally, The Goldman Sachs Group increased their target price on shares of American Electric Power from $125.00 to $128.00 and gave the company a "buy" rating in a research report on Tuesday. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $118.56.

American Electric Power Stock Performance

NASDAQ:AEP opened at $118.53 on Thursday. The company's 50-day moving average is $111.68 and its two-hundred day moving average is $107.39. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power has a 1-year low of $89.91 and a 1-year high of $119.40. The firm has a market capitalization of $63.39 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 3.13 and a beta of 0.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business posted $1.25 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts forecast that American Electric Power will post 5.87 EPS for the current 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 the firm's stock in a transaction 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 transaction, the director directly owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was 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 $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,006 shares of company stock worth $1,243,522 over the last three months. 0.07% of the stock is currently owned by insiders.

Institutional Trading of American Electric Power

Several hedge funds and other institutional investors have recently made changes to their positions in AEP. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter valued at about $25,000. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the third quarter valued at about $26,000. Advantage Trust Co lifted its stake in shares of American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares during the period. Montag A & Associates Inc. lifted its stake in shares of American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company's stock valued at $29,000 after purchasing an additional 176 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of American Electric Power in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Company Profile

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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