Quadrant Capital Group LLC Sells 3,972 Shares of American Electric Power Company, Inc. $AEP

Quadrant Capital Group LLC trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 26.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,809 shares of the company’s stock after selling 3,972 shares during the quarter. Quadrant Capital Group LLC’s holdings in American Electric Power were worth $1,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in shares of American Electric Power in the third quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new stake in American Electric Power during the 3rd quarter worth approximately $26,000. Dogwood Wealth Management LLC grew its holdings in American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares during the last quarter. Montag A & Associates Inc. increased its position in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after acquiring an additional 176 shares during the period. Finally, Osterweis Capital Management Inc. increased its position in American Electric Power by 3,000.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.7%

AEP opened at $132.22 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $134.60. The company has a fifty day moving average of $123.79 and a 200-day moving average of $118.42. The stock has a market cap of $71.79 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.09 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. American Electric Power’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 10th. American Electric Power’s payout ratio is currently 56.72%.

Insider Activity

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the transaction, the executive vice president directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AEP shares. Argus lifted their price target on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a report on Friday, February 13th. Bank of America lowered American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $131.00 to $122.00 in a research report on Monday, January 12th. Evercore lifted their target price on American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group upped their price target on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.90.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.