Raymond James Initiates Coverage of American Electric Power Company (AEP) Stock

American Electric Power Company, Inc. (NASDAQ:AEP) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 13, Raymond James began coverage of the company’s stock with an “Outperform” rating and a price objective of $115. As per the firm, American Electric Power Company, Inc. (NASDAQ:AEP) stands out as one of the largest electric utilities in the US. It also highlighted the company’s potential to catch an upswing driven by improvement in regulator relationships under new leadership.

Raymond James Initiates Coverage of American Electric Power Company (AEP) Stock

A series of large electrical transmission towers providing power to the public.

American Electric Power Company, Inc. (NASDAQ:AEP)’s $54 billion capital plan aids a 6%-8% earnings growth target through 2029, supported by the 20 GW data center load pipeline by 2030, added Raymond James. American Electric Power Company, Inc. (NASDAQ:AEP) reaffirmed its 2025 operating earnings guidance of $5.75 to $5.95 per share. The company is focused on expanding and improving the power grid and bringing on new generation resources. It continues to see potential for an additional $10 billion of investments over the upcoming 5 years. Furthermore, it determined that the direct tariff exposure on its $54 billion capital plan remains minimal at ~0.3%.

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