Scotiabank cuts target for American Electric Power stock to USD 131.00
Published on 10/07/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
American Electric Power stock (ISIN US0255371017) was trading at EUR 108.59 at Lang & Schwarz on October 7, 2026 at 3:01 p.m. CEST, plus 1.09 percent versus the prior close of EUR 107.42 on October 6, 2026. Scotiabank cut its price target for American Electric Power from USD 140.00 to USD 131.00 on September 30, 2026, while maintaining a sector perform rating, according to MarketBeat.
Scotiabank lowers its target
The USD 9.00 reduction leaves the target above the Nasdaq closing price of USD 121.67 on October 6, 2026, but the sector perform rating signals a more cautious stance than a bullish upgrade. MarketBeat also listed 13 Buy ratings and nine Hold ratings, with an average target of USD 139.62 on September 30, 2026.
Second-quarter earnings missed estimates
American Electric Power reported USD 5.45 billion in revenue for the second quarter of 2026, up 7.00 percent from the same period a year earlier, while earnings reached USD 713.00 million. Earnings per share came in at USD 1.36 against a USD 1.48 consensus estimate, according to Yahoo Finance.
The earnings mix matters for valuation: revenue growth exceeded expectations, but the earnings-per-share shortfall shows the pressure from costs and operating conditions. The company's diluted earnings per share were USD 1.30 for the second quarter, while consolidated net income was USD 718.00 million.
Grid investment raises the stakes
AEP's investor materials outline a USD 78.00 billion five-year capital plan and 69 gigawatts of additional load by 2030, backed by signed customer commitments, according to AEP. The plan creates a long-term growth case, while the quarterly earnings miss and the lower Scotiabank target show why execution remains central to the valuation.
Stock remains below its yearly high
On Nasdaq, American Electric Power closed at USD 121.67 on October 6, 2026 at 4:00 p.m. EDT. Its 52-week range was USD 112.54 to USD 140.58 on October 6, 2026, and its market capitalization was USD 66.2 billion on the same date.
The further course of trading is shown by the continuously updated real-time quote of American Electric Power stock.
American Electric Power stock data
- Company: American Electric Power Company, Inc.
- ISIN: US0255371017
- Ticker: AEP
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 7, 2026, 3:01 p.m. CEST): EUR 108.59
- Change versus prior close: plus 1.09 percent
- Prior close Lang & Schwarz (October 6, 2026): EUR 107.42
- Market capitalization: USD 66.2 billion (as of October 6, 2026)
- 52-week range: USD 112.54-140.58 (as of October 6, 2026)
- Sector / Industry: Utilities / Regulated Electric
- Next earnings date: October 28, 2026
