American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) – Analysts at Scotiabank issued their FY2026 earnings estimates for American Electric Power in a report issued on Wednesday, January 8th. Scotiabank analyst A. Weisel expects that the company will post earnings of $6.23 per share for the year. Scotiabank has a “Sector Perform” rating and a $102.00 price target on the stock. The consensus estimate for American Electric Power’s current full-year earnings is $5.62 per share.
A number of other brokerages also recently weighed in on AEP. Barclays lowered their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Evercore ISI cut their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company decreased their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of American Electric Power from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $97.13.
American Electric Power Stock Performance
AEP stock opened at $92.26 on Thursday. The firm has a market cap of $49.09 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The stock has a 50-day moving average price of $94.92 and a 200-day moving average price of $96.55. American Electric Power has a 1-year low of $75.22 and a 1-year high of $105.18.
Institutional Investors Weigh In On American Electric Power
A number of institutional investors have recently added to or reduced their stakes in AEP. Pathway Financial Advisers LLC boosted its stake in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after buying an additional 1,963,154 shares during the last quarter. Janus Henderson Group PLC boosted its position in American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after purchasing an additional 1,962,125 shares during the last quarter. State Street Corp grew its stake in American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares during the period. FMR LLC increased its position in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after purchasing an additional 1,087,163 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in shares of American Electric Power during the 3rd quarter worth $80,207,000. 75.24% of the stock is owned by institutional investors.
American Electric Power Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 4.03%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, November 8th. American Electric Power’s payout ratio is currently 74.55%.
About American Electric Power
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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