GTS Securities LLC Sells 5,695 Shares of American Electric Power Company, Inc. $AEP

GTS Securities LLC decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 68.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,647 shares of the company’s stock after selling 5,695 shares during the period. GTS Securities LLC’s holdings in American Electric Power were worth $362,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AEP. Brighton Jones LLC lifted its holdings in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares during the last quarter. Acadian Asset Management LLC acquired a new position in American Electric Power during the first quarter valued at approximately $320,000. Sivia Capital Partners LLC grew its holdings in American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after purchasing an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares during the period. Finally, AXA S.A. raised its position in shares of American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 shares during the period. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEP has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Truist Financial dropped their target price on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, August 17th. TD Cowen boosted their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Raymond James Financial restated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power Price Performance

Shares of AEP stock opened at $122.31 on Monday. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The firm has a market cap of $66.59 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. The stock has a 50 day moving average of $130.42 and a 200-day moving average of $130.64.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio is currently 65.18%.

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.