Fri Sep 20 12:15:54 UTC 2024: ## American Electric Power (AEP) Receives Mixed Analyst Ratings, Jefferies Financial Group Initiates Coverage with “Hold”

**Columbus, Ohio – September 20, 2024** – American Electric Power (AEP), a leading electric utility holding company, has been the subject of recent analyst activity, with mixed recommendations from various firms. Jefferies Financial Group initiated coverage on Friday, issuing a “Hold” rating and a $107.00 price target, suggesting a potential upside of 5.17% from the current share price.

Other analysts have offered a range of perspectives. BMO Capital Markets upgraded their rating to “Outperform” and raised their price target to $109.00, while Guggenheim maintained a “Neutral” rating but raised their price target to $83.00. LADENBURG THALM/SH SH upgraded their rating from “Sell” to “Neutral” and increased their price target to $86.00. Morgan Stanley maintained their “Overweight” rating and raised their price target to $102.00, and Barclays maintained an “Equal Weight” rating while increasing their price target to $96.00.

Overall, the company currently holds an average rating of “Hold” with an average price target of $96.00, according to MarketBeat.

American Electric Power reported strong earnings for the quarter ending July 30th, exceeding analysts’ expectations with earnings per share of $1.25, surpassing the consensus estimate of $1.23. The company’s revenue for the quarter, however, fell slightly short of expectations at $4.60 billion compared to the consensus estimate of $4.74 billion.

Institutional investors have shown continued interest in the company, with recent purchases by funds like Healthcare of Ontario Pension Plan Trust Fund, Heritage Wealth Management Inc., Sanctuary Advisors LLC, 3Chopt Investment Partners LLC, and Granite Bay Wealth Management LLC.

American Electric Power remains a significant player in the energy sector, operating across multiple segments, including generation, transmission, and distribution of electricity. The company’s recent performance and future prospects will likely continue to attract investor attention and fuel further analysis.

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