American Electric Power (AEP) Gets Price Target Hikes from Evercore ISI and Argus

American Electric Power Company, Inc. (NASDAQ:AEP) is included among the 14 Stocks on the Verge of Becoming Dividend Aristocrats.

On March 5, Evercore ISI raised its price recommendation on American Electric Power Company, Inc. (NASDAQ:AEP) to $153 from $137 and maintained an Outperform rating on the shares. The firm updated estimates for many power and utility companies it covers after reviewing results from the Q4 earnings season.

A few days earlier, on March 2, Argus Research also raised its price objective on American Electric Power. The firm lifted the target to $140 from $128 and kept a Buy rating. The analyst noted that the company is one of the largest electricity providers in the United States, with operations across 11 states. According to the research note, the company’s broad service footprint helps steady earnings and reduce the impact of unfavorable temperature-related demand.

During its Q4 2025 earnings call, the company reaffirmed its 2026 full-year operating earnings guidance of $6.15 to $6.45 per share. Management also reiterated its long-term earnings growth outlook. The company expects a 7% to 9% growth rate from 2026 through 2030. Executives said the company’s $72 billion five-year capital plan is based on an earlier projection for 28 gigawatts of incremental demand. They also noted that $5 billion to $8 billion in confirmed or endorsed generation and transmission projects would come on top of that outlook.

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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