American Electric Power (NASDAQ:AEP) Given New $141.00 Price Target at JPMorgan Chase & Co.

American Electric Power (NASDAQ:AEP) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $139.00 to $141.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.01% from the stock’s previous close.

A number of other research firms have also recently weighed in on AEP. Scotiabank raised their price target on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, December 16th. TD Cowen raised their price target on shares of American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 20th. Siebert Williams Shank initiated coverage on shares of American Electric Power in a report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price target on the stock. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a report on Friday, February 13th. Finally, UBS Group raised their price target on shares of American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.81.

American Electric Power Stock Down 0.9%

Shares of American Electric Power stock opened at $134.27 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. American Electric Power has a 1 year low of $97.46 and a 1 year high of $137.74. The firm’s 50-day moving average is $130.28 and its two-hundred day moving average is $122.22. The stock has a market cap of $72.98 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 3.16 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, research analysts expect that American Electric Power will post 5.87 earnings per share for the current fiscal year.

Insider Activity at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On American Electric Power

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its position in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares during the last quarter. Acadian Asset Management LLC purchased a new position in American Electric Power during the 1st quarter worth approximately $320,000. Sivia Capital Partners LLC raised its position in American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after buying an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL raised its position in American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after buying an additional 105 shares during the last quarter. Finally, AXA S.A. raised its position in American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after buying an additional 38,684 shares during the last quarter. 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 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.