American Electric Power (NASDAQ:AEP) Price Target Raised to $125.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

American Electric Power (NASDAQ:AEP – Get Free Report) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $121.00 to $125.00 in a report released on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 9.40% from the company’s previous close.

AEP has been the subject of several other reports. BMO Capital Markets set a $126.00 price objective on shares of American Electric Power in a research note on Thursday, October 30th. Cowen assumed coverage on shares of American Electric Power in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. The Goldman Sachs Group boosted their target price on American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Finally, Scotiabank increased their price target on American Electric Power from $114.00 to $121.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average price target of $126.09.

View Our Latest Research Report on American Electric Power

American Electric Power Stock Up 0.1%

Shares of American Electric Power stock opened at $114.26 on Friday. The company has a 50-day simple moving average of $119.14 and a two-hundred day simple moving average of $111.52. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. American Electric Power has a 52-week low of $89.91 and a 52-week high of $124.80. The stock has a market capitalization of $61.03 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 2.98 and a beta of 0.61.

American Electric Power (NASDAQ:AEP – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. American Electric Power’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, analysts anticipate that American Electric Power will post 5.87 EPS for the current fiscal year.

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $121.58, for a total transaction of $607,900.00. Following the sale, the director owned 30,898 shares in the company, valued at $3,756,578.84. This represents a 13.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 11,006 shares of company stock worth $1,308,172. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AEP. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power during the third quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in American Electric Power in the third quarter valued at $26,000. Dogwood Wealth Management LLC increased its stake in American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Advantage Trust Co lifted its position in American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Finally, Montag A & Associates Inc. boosted its stake in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after buying an additional 176 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Company Profile

(Get Free Report)

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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