American Electric Power Company, Inc. $AEP Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 523,170 shares of the company’s stock after selling 30,066 shares during the quarter. Strs Ohio’s holdings in American Electric Power were worth $68,577,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Czech National Bank lifted its holdings in American Electric Power by 3.9% during the 4th quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after buying an additional 5,314 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of American Electric Power by 2.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after acquiring an additional 8,302 shares during the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of American Electric Power by 983.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after acquiring an additional 57,977 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in shares of American Electric Power by 17.7% during the 4th quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock valued at $7,325,000 after acquiring an additional 9,532 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $138.51 on Friday. The company has a market cap of $75.36 billion, a P/E ratio of 20.34, a PEG ratio of 2.47 and a beta of 0.51. The stock has a fifty day moving average price of $131.07 and a 200 day moving average price of $127.17. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a 12 month low of $102.39 and a 12 month high of $139.44.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AEP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. LADENBURG THALM/SH SH dropped their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Citigroup raised their price target on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Finally, Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, April 20th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.38.

American Electric Power Company Profile

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.