American Electric Power (NASDAQ:AEP) Price Target Cut to $140.00 by Analysts at JPMorgan Chase & Co.

American Electric Power (NASDAQ:AEP) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $141.00 to $140.00 in a report issued on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 10.78% from the company’s previous close.

A number of other brokerages have also issued reports on AEP. Mizuho boosted their target price on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. TD Cowen reiterated a “buy” rating on shares of American Electric Power in a report on Friday. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, April 20th. Finally, Raymond James Financial restated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

American Electric Power Price Performance

Shares of AEP stock traded down $2.22 during trading hours on Friday, hitting $126.38. 953,681 shares of the company’s stock were exchanged, compared to its average volume of 3,456,743. American Electric Power has a fifty-two week low of $100.72 and a fifty-two week high of $139.44. The firm has a market cap of $68.76 billion, a P/E ratio of 18.55, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $132.41 and a two-hundred day moving average of $124.62.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts forecast that American Electric Power will post 6.35 EPS for the current year.

Insiders Place Their Bets

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their position. 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEP. Essex Financial Services Inc. grew its holdings in American Electric Power by 0.9% during the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after acquiring an additional 75 shares during the period. Cornerstone Advisory LLC grew its stake in shares of American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after purchasing an additional 75 shares during the period. Financial Enhancement Group LLC increased its holdings in shares of American Electric Power by 3.3% in the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after purchasing an additional 76 shares in the last quarter. J2 Capital Management Inc lifted its stake in shares of American Electric Power by 2.0% in the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares during the period. Finally, Bogart Wealth LLC boosted its holdings in American Electric Power by 2.9% during the first quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock worth $381,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

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.