Mizuho cuts PT on American Electric Power

American Electric Power

16/09/2025 12:55

** Mizuho cuts PT on utility American Electric Power AEP.O to $113 from $116

** The new price target represents a ~4% upside to the stock's last close

** Brokerage says a recent regulatory decision granting just 30% of AEP’s rate request may temper investor confidence in its premium status

** Utilities file rate cases with regulatory bodies to determine the amount that customers need to pay for electricity and recover expenses related to capital investments

** "While we believe AEP will continue to build on its robust capex backlog, we need to see continued regulatory execution to see a re-rating of the stock" - Mizuho

** 7 of 20 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $113.5

** As of last close, stock up 18% YTD

 (Reporting by Dharna Bafna)

 ((Dharna.bafna@thomsonreuters.com))