Los Angeles Capital Management LLC Has $4.36 Million Position in American Electric Power Company, Inc. $AEP

Los Angeles Capital Management LLC lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,760 shares of the company’s stock after selling 6,577 shares during the quarter. Los Angeles Capital Management LLC’s holdings in American Electric Power were worth $4,359,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Root Financial Partners LLC grew its position in American Electric Power by 15.0% in the 4th quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock valued at $74,000 after purchasing an additional 83 shares during the period. Baron Silver Stevens Financial Advisors LLC lifted its stake in American Electric Power by 4.1% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock valued at $251,000 after acquiring an additional 85 shares in the last quarter. Vectors Research Management LLC lifted its stake in American Electric Power by 0.4% during the 4th quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock valued at $2,703,000 after acquiring an additional 86 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in American Electric Power by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 1,497 shares of the company’s stock valued at $173,000 after acquiring an additional 87 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in American Electric Power by 16.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Down 1.8%

Shares of American Electric Power stock opened at $126.77 on Tuesday. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week high of $139.44. The stock’s 50-day simple moving average is $131.48 and its 200 day simple moving average is $125.50. The stock has a market capitalization of $68.98 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.57 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

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

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s payout ratio is presently 55.80%.

Analysts Set New Price Targets

AEP has been the topic of several recent analyst reports. Citigroup raised their price objective on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wells Fargo & Company raised 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. Truist Financial dropped their price objective on American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Evercore raised their price objective on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Finally, BMO Capital Markets dropped their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.10.

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.