American Electric Power Company, Inc. (NASDAQ:AEP) on Tuesday reported upbeat first-quarter results.

Adjusted earnings were $1.64 per share, up from $1.54 a year earlier and above the Street estimate of $1.57. Revenue totaled $6.02 billion, topping analyst expectations of $5.68 billion.

American Electric Power reiterated its 2026 operating earnings guidance of $6.15 to $6.45 per share, compared with a consensus estimate of $6.34.

“AEP is executing on our strategic plan at an exceptionally high level during a time of unprecedented opportunity for our industry while keeping an intense focus on affordability,” said Bill Fehrman, AEP chairman, president and chief executive officer. “We are seeing substantial demand growth across our footprint, particularly from data centers and other large load customers. We are intensely focused on delivering reliability and long-term value for our customers and stakeholders.”

American Electric Power shares fell 3.1% to trade at $132.81 on Wednesday.

These analysts made changes to their price targets on American Electric Power following earnings announcement.

• Mizuho analyst Anthony Crowdell maintained the stock with a Neutral and raised the price target from $130 to $141.
• Wells Fargo analyst Shahriar Pourreza maintained American Electric Power with an Overweight rating and raised the price target from $144 to $148.
• Scotiabank analyst Andrew Weisel maintained the stock with a Sector Perform and raised the price target from $131 to $140.

Considering buying AEP stock? Here’s what analysts think:

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