American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) has received an average rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $98.00.
Several research firms have issued reports on AEP. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. BMO Capital Markets reduced their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company reduced 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 report on Thursday, November 7th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.
View Our Latest Research Report on American Electric Power
American Electric Power Price Performance
American Electric Power Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is 74.55%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avestar Capital LLC boosted its stake in American Electric Power by 3.3% in the 4th quarter. Avestar Capital LLC now owns 4,832 shares of the company’s stock worth $446,000 after purchasing an additional 154 shares during the period. Van ECK Associates Corp boosted its stake in American Electric Power by 9.3% in the 4th quarter. Van ECK Associates Corp now owns 159,725 shares of the company’s stock worth $14,731,000 after purchasing an additional 13,635 shares during the period. Retirement Guys Formula LLC boosted its stake in American Electric Power by 13.3% in the 4th quarter. Retirement Guys Formula LLC now owns 8,783 shares of the company’s stock worth $810,000 after purchasing an additional 1,034 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in American Electric Power by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock worth $427,009,000 after purchasing an additional 100,578 shares during the period. Finally, Avidian Wealth Enterprises LLC bought a new position in shares of American Electric Power during the 4th quarter valued at approximately $372,000. 75.24% of the stock is currently owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than American Electric Power
- How to Use Stock Screeners to Find Stocks
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Most Volatile Stocks, What Investors Need to Know
- 3 Steel Stocks Soaring After Tariff Announcements
- How to Effectively Use the MarketBeat Ratings Screener
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.