American Electric Power Company, Inc. $AEP Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 61,075 shares of the company’s stock after buying an additional 7,072 shares during the quarter. CoreCap Advisors LLC’s holdings in American Electric Power were worth $7,246,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Costello Asset Management INC boosted its position in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Union Savings Bank acquired a new position in American Electric Power during the fourth quarter worth approximately $27,000. Elevation Wealth Partners LLC increased its position in American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after buying an additional 105 shares during the period. Parvin Asset Management LLC purchased a new stake in American Electric Power in the second quarter valued at approximately $27,000. Finally, Caitlin John LLC acquired a new stake in shares of American Electric Power in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AEP shares. Truist Financial lowered 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 research report on Monday, August 17th. UBS Group set a $139.00 price target on shares of American Electric Power in a research report on Monday, September 21st. Barclays decreased their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Citigroup dropped their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, LADENBURG THALM/SH SH reduced their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $139.62.

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock traded up $0.24 during midday trading on Thursday, hitting $122.32. The company had a trading volume of 2,769,096 shares, compared to its average volume of 3,999,807. The stock has a market cap of $66.59 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.58 and a beta of 0.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The company’s 50 day simple moving average is $122.98 and its 200 day simple moving average is $128.80. American Electric Power Company, Inc. has a 52-week low of $112.54 and a 52-week high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the company earned $1.43 EPS. American Electric Power’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Research analysts anticipate that American Electric Power Company, Inc. will post 6.38 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

About American Electric Power

American Electric Power (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.