Janney Montgomery Scott LLC Sells 4,028 Shares of American Electric Power Company, Inc. $AEP

Janney Montgomery Scott LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,136 shares of the company’s stock after selling 4,028 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American Electric Power were worth $31,215,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Optima Capital LLC bought a new position in American Electric Power in the 4th quarter valued at $26,000. Rakuten Securities Inc. boosted its holdings in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Legacy Wealth Managment LLC ID grew its position in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after purchasing an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC purchased a new position in shares of American Electric Power during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lowered 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 report on Wednesday, April 22nd. Citigroup boosted their target price on American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley upped their target price on American Electric Power from $129.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Wells Fargo & Company raised their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Barclays lifted their price target on American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.19.

American Electric Power Stock Performance

American Electric Power stock opened at $137.97 on Tuesday. The firm’s fifty day moving average price is $130.84 and its 200-day moving average price is $126.69. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market cap of $75.07 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $102.06 and a fifty-two week high of $139.44.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders 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 2.8%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio is presently 55.80%.

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.