TD Cowen Reiterates Buy on American Electric Power (AEP), Cites Improving Execution

NodeGuardian · 2026-02-23T05:18:53+00:00

TD Cowen maintains a Buy rating on American Electric Power, raising the price target to $141 due to strong investment potential and operational performance. AEP's growth, infrastructure investments, and increased dividend contributed to a 29% total shareholder return.

NodeGuardian

2026-02-23 05:18:53

Abstract generation in progress

TD Cowen has reiterated a Buy rating on American Electric Power (AEP) and raised its price target to $141 from $137, citing the company’s strong investment pipeline and improving execution. CEO William Fehrman highlighted AEP’s growth in high-growth regions, infrastructure investments, and solid Q4 2025 operating earnings of $1.19 per share, exceeding guidance. The company also increased its quarterly dividend and delivered a 29% total shareholder return for the year.

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