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

American Electric Power (NASDAQ: AEP) has recently received a number of price target changes and ratings updates:

• 5/7/2024 – American Electric Power was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 5/3/2024 – American Electric Power had its price target raised by analysts at Royal Bank of Canada from $90.00 to $100.00. They now have an “outperform” rating on the stock.
• 5/2/2024 – American Electric Power had its price target raised by analysts at Barclays PLC from $84.00 to $88.00. They now have an “equal weight” rating on the stock.
• 5/1/2024 – American Electric Power had its price target raised by analysts at Scotiabank from $86.00 to $90.00. They now have a “sector outperform” rating on the stock.
• 5/1/2024 – American Electric Power had its price target raised by analysts at BMO Capital Markets from $93.00 to $95.00. They now have an “outperform” rating on the stock.
• 5/1/2024 – American Electric Power was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 5/1/2024 – American Electric Power had its price target raised by analysts at Wells Fargo & Company from $84.00 to $89.00. They now have an “equal weight” rating on the stock.
• 4/22/2024 – American Electric Power had its price target lowered by analysts at Scotiabank from $92.00 to $86.00. They now have a “sector outperform” rating on the stock.
• 4/15/2024 – American Electric Power had its price target raised by analysts at Barclays PLC from $83.00 to $84.00. They now have an “equal weight” rating on the stock.
• 3/15/2024 – American Electric Power was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/11/2024 – American Electric Power was downgraded by analysts at UBS Group AG from a “neutral” rating to a “sell” rating. They now have a $83.00 price target on the stock, down previously from $86.00.
• 3/9/2024 – American Electric Power was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

American Electric Power Stock Performance

American Electric Power stock traded up $0.71 during trading hours on Wednesday, hitting $90.58. 2,051,962 shares of the stock traded hands, compared to its average volume of 3,731,253. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. The firm’s 50 day moving average price is $84.37 and its 200-day moving average price is $81.16. The stock has a market capitalization of $47.75 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 2.74 and a beta of 0.50. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $92.10.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $0.88 dividend. The ex-dividend date is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. American Electric Power’s payout ratio is 65.31%.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds have recently made changes to their positions in AEP. Richardson Financial Services Inc. raised its holdings in American Electric Power by 3.9% in the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock valued at $266,000 after acquiring an additional 115 shares during the last quarter. Bogart Wealth LLC raised its holdings in American Electric Power by 7.8% in the 1st quarter. Bogart Wealth LLC now owns 1,650 shares of the company’s stock valued at $142,000 after acquiring an additional 119 shares during the last quarter. Seelaus Asset Management LLC raised its holdings in American Electric Power by 1.9% in the 1st quarter. Seelaus Asset Management LLC now owns 6,775 shares of the company’s stock valued at $583,000 after acquiring an additional 125 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in American Electric Power by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock valued at $434,000 after acquiring an additional 130 shares during the last quarter. Finally, Greenleaf Trust grew its stake in shares of American Electric Power by 1.5% during the 1st quarter. Greenleaf Trust now owns 8,638 shares of the company’s stock valued at $744,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

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.