Twin Tree Management LP Acquires Shares of 7,647 American Electric Power Company, Inc. $AEP

Twin Tree Management LP purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,647 shares of the company’s stock, valued at approximately $1,046,000.

Several other hedge funds have also recently bought and sold shares of AEP. Haverford Trust Co acquired a new stake in shares of American Electric Power in the 2nd quarter valued at $16,891,000. First Nebraska Trust Co acquired a new stake in American Electric Power in the second quarter valued at approximately $219,000. Bank of Nova Scotia bought a new stake in shares of American Electric Power during the second quarter worth $17,499,000. Compass Financial Management LLC bought a new position in shares of American Electric Power in the 2nd quarter valued at $543,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of American Electric Power during the second quarter valued at about $3,679,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Down 3.8%

AEP stock opened at $120.94 on Friday. The stock’s 50 day simple moving average is $131.01 and its 200 day simple moving average is $130.48. The company has a market cap of $65.84 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58.

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

American Electric Power Dividend Announcement

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

Wall Street Analyst Weigh In

AEP has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup decreased their price target on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. TD Cowen lifted their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company boosted their price objective on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $140.19.

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.