Morgan Stanley Revises AEP Price Target Following Performance Review

Core Insights - American Electric Power Company, Inc. (AEP) is recognized as one of the 15 Best Boring Dividend Stocks to Buy [1] - Morgan Stanley has revised AEP's price target to $128 from $130 while maintaining an Overweight rating [2] Financial Performance - For Q3 2025, AEP reported revenue of $6.01 billion, marking an 11% increase year-over-year [3] - AEP has set a long-term operating earnings growth target of 7–9% over the next five years, supported by a $72 billion capital investment plan and an anticipated 10% annual growth in its rate base [3] - Operating earnings per share are expected to grow at a 9% compound annual rate over the five-year period, with guidance for 2026 set between $6.15 and $6.45 per share [4] Company Overview - AEP is a leading electric utility holding company that generates, transmits, and distributes electricity to millions of customers across the United States [5]