Research Analysts’ Recent Ratings Updates for American Electric Power (AEP)

Several analysts have recently updated their ratings and price targets for American Electric Power (NASDAQ: AEP):

• 8/1/2024 – American Electric Power had its price target raised by analysts at Barclays PLC from $91.00 to $96.00. They now have an “equal weight” rating on the stock.
• 7/31/2024 – American Electric Power had its price target raised by analysts at Scotiabank from $90.00 to $99.00. They now have a “sector outperform” rating on the stock.
• 7/29/2024 – American Electric Power had its price target raised by analysts at BMO Capital Markets from $100.00 to $104.00. They now have an “outperform” rating on the stock.
• 7/22/2024 – American Electric Power had its price target raised by analysts at Guggenheim from $81.00 to $83.00. They now have a “neutral” rating on the stock.
• 6/24/2024 – American Electric Power had its price target lowered by analysts at Morgan Stanley from $98.00 to $94.00. They now have an “overweight” rating on the stock.
• 6/6/2024 – American Electric Power was upgraded by analysts at LADENBURG THALM/SH SH from a “sell” rating to a “neutral” rating. They now have a $86.00 price target on the stock, up previously from $73.00.

American Electric Power Price Performance

Shares of NASDAQ AEP traded down $3.73 during midday trading on Monday, reaching $98.06. The stock had a trading volume of 3,951,205 shares, compared to its average volume of 3,288,227. The stock has a 50-day moving average of $90.48 and a 200-day moving average of $86.08. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.37 and a current ratio of 0.65. The company has a market capitalization of $51.69 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $104.41.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $1.13 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

Insider Buying and Selling at American Electric Power

In other news, insider Therace Risch 5,274 shares of the business’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the sale, the executive vice president now directly owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Therace Risch 5,274 shares of the stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders own 0.12% of the company’s stock.

Institutional Trading of American Electric Power

Institutional investors and hedge funds have recently bought and sold shares of the business. Frazier Financial Advisors LLC purchased a new stake in American Electric Power in the 4th quarter worth $26,000. Denali Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter valued at about $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of American Electric Power in the first quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of American Electric Power in the fourth quarter valued at about $32,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.