American Electric Power
About: American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.
Employees: 16,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
114% more call options, than puts
Call options by funds: $364M | Put options by funds: $170M
89% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 82
14% more repeat investments, than reductions
Existing positions increased: 537 | Existing positions reduced: 471
6% more funds holding
Funds holding: 1,325 [Q1] → 1,398 (+73) [Q2]
0% less capital invested
Capital invested by funds: $35.5B [Q1] → $35.4B (-$77.4M) [Q2]
1.98% less ownership
Funds ownership: 78.63% [Q1] → 76.66% (-1.98%) [Q2]
8% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 11 (-1) [Q2]
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Wells Fargo Neil Kalton 81% 1-year accuracy 30 / 37 met price target | 3%upside $104 | Equal-Weight Maintained | 16 Oct 2024 |
Barclays Nicholas Campanella 89% 1-year accuracy 49 / 55 met price target | 1%downside $100 | Equal-Weight Maintained | 15 Oct 2024 |
BMO Capital James Thalacker 89% 1-year accuracy 50 / 56 met price target | 10%upside $111 | Outperform Maintained | 4 Oct 2024 |
BMO Capital James Thalacker 89% 1-year accuracy 50 / 56 met price target | 13%upside $114 | Outperform Maintained | 3 Oct 2024 |
Morgan Stanley Stephen Byrd 70% 1-year accuracy 31 / 44 met price target | 7%upside $108 | Overweight Maintained | 25 Sept 2024 |
Financial journalist opinion
Based on 9 articles about AEP published over the past 30 days