Research Analysts’ Weekly Ratings Changes for American Electric Power (AEP)

Several brokerages have updated their recommendations and price targets on shares of American Electric Power (NASDAQ: AEP) in the last few weeks:

• 11/7/2024 – American Electric Power had its price target raised by analysts at UBS Group AG from $91.00 to $95.00. They now have a “sell” rating on the stock.
• 11/7/2024 – American Electric Power had its price target lowered by analysts at BMO Capital Markets from $111.00 to $104.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – American Electric Power had its price target lowered by analysts at Evercore ISI from $97.00 to $96.00. They now have an “in-line” rating on the stock.
• 11/7/2024 – American Electric Power had its price target lowered by analysts at Wells Fargo & Company from $104.00 to $102.00. They now have an “equal weight” rating on the stock.
• 10/18/2024 – American Electric Power had its price target raised by analysts at JPMorgan Chase & Co. from $108.00 to $112.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – American Electric Power had its price target raised by analysts at Wells Fargo & Company from $98.00 to $104.00. They now have an “equal weight” rating on the stock.
• 10/15/2024 – American Electric Power had its price target raised by analysts at Barclays PLC from $96.00 to $100.00. They now have an “equal weight” rating on the stock.
• 10/3/2024 – American Electric Power had its price target raised by analysts at BMO Capital Markets from $109.00 to $114.00. They now have an “outperform” rating on the stock.
• 9/25/2024 – American Electric Power had its price target raised by analysts at Morgan Stanley from $102.00 to $108.00. They now have an “overweight” rating on the stock.
• 9/20/2024 – American Electric Power is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $107.00 price target on the stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $96.00 on Tuesday. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The firm has a market capitalization of $51.08 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. The business has a 50 day simple moving average of $99.60 and a 200 day simple moving average of $95.32. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.88%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. American Electric Power’s payout ratio is currently 74.55%.

Institutional Trading of American Electric Power

Several institutional investors have recently made changes to their positions in the business. HHM Wealth Advisors LLC increased its position in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power during the 3rd quarter worth $33,000. LRI Investments LLC increased its stake in shares of American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after buying an additional 365 shares during the period. Finally, Briaud Financial Planning Inc increased its position in American Electric Power by 52.1% in the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares during the period. 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.