American Electric Power Company, Inc. (NASDAQ:AEP) is included among the 10 Best Large Cap Dividend Growth Stocks to Invest in.
On April 21, Morgan Stanley lowered its price recommendation on American Electric Power Company, Inc. (NASDAQ:AEP) to $136 from $137. It reiterated an Overweight rating on the shares. The firm said it is updating price targets across Regulated & Diversified Utilities and IPPs in North America under its coverage. In March, utilities outperformed the S&P’s return, the analyst tells investors.
On April 21, Truist Financial initiated coverage of AEP with a Buy rating. It also set a $148 price target on the stock. The firm launched coverage of 20 names in the power and utilities group. Vertically integrated electric utilities are “clear winners” in building the infrastructure to serve load growth for data centers, the analyst tells investors in a research note. Truist believes investors should lean into growth in the space and names American Electric Power Company, Inc., Entergy Corporation, and Xcel Energy as top picks. It also highlights Ameren Corporation, CMS Energy Corporation, and DTE Energy Company.
American Electric Power Company, Inc. (NASDAQ:AEP) is an electric public utility holding company. Its operating utilities provide generation, transmission, and distribution services to more than five million retail customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia, and West Virginia.
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Source: Yahoo Finance
