Scotiabank cuts target for American Electric Power stock to USD 131
Published on 10/05/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
American Electric Power (ISIN US0255371017) stock was trading at EUR 106.58 at Lang & Schwarz on October 5, 2026 at 9:37 a.m. CEST, up 0.30 percent versus the prior close of EUR 106.26. On September 30, 2026, Scotiabank cut its price target for American Electric Power from USD 140.00 to USD 131.00 while maintaining a Sector Perform rating, as MarketBeat reported.
Scotiabank trims the target
The move puts the Scotiabank target at USD 9.00 below its previous level, a 6.43 percent reduction calculated from USD 140.00. The revised target remains above the latest US market quote, but the lower objective shows that valuation discipline is becoming more important even as the utility expands its investment plans.
MarketBeat said the broader analyst view included 13 Buy ratings and nine Hold ratings, with an average target of USD 139.62 on September 30, 2026. That average stood USD 8.62 above the new Scotiabank target, highlighting a meaningful gap between the most recently cut target and the wider analyst consensus.
Revenue rises while earnings miss
American Electric Power reported second-quarter 2026 revenue of USD 5.45 billion, up 7.00 percent from the same quarter a year earlier, according to MarketBeat. Adjusted earnings per share were USD 1.36, below the USD 1.48 consensus estimate and below USD 1.43 in the prior-year quarter.
The company set fiscal 2026 operating earnings guidance at USD 6.25-6.55 per share. American Electric Power also highlights a five-year USD 78.0 billion capital plan and 69 gigawatts of additional load expected by 2030 in its investor materials, linking the long-term growth case to infrastructure spending rather than to a near-term earnings surprise.
Price remains below the plan
American Electric Power had a market capitalization of USD 65.1 billion as of October 2, 2026, based on the latest structured quote. Its primary listing is Nasdaq, and the company operates regulated electric utilities, generation assets and transmission networks across the United States.
The next quarterly earnings webcast is scheduled for October 28, 2026, at 9:00 a.m. ET, according to American Electric Power. For investors, the key tension is visible in the numbers: revenue grew 7.00 percent, but adjusted earnings per share missed consensus by USD 0.12 while the latest analyst target was cut.
Lang and Schwarz quote at EUR 106.58
American Electric Power stock was trading at EUR 106.58 at Lang & Schwarz on October 5, 2026 at 9:37 a.m. CEST, plus 0.30 percent versus the prior close of EUR 106.26 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of American Electric Power stock.
American Electric Power stock facts
- Company: American Electric Power Company, Inc.
- ISIN: US0255371017
- Ticker: AEP
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 5, 2026, 9:37 a.m. CEST: EUR 106.58
- Change versus prior close: plus 0.30 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 106.26
- Market capitalization: USD 65.1 billion as of October 2, 2026
- Sector / Industry: Utilities / Regulated Electric
- Next earnings date: October 28, 2026
