American Electric Power Company, Inc. $AEP Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 51.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,001 shares of the company’s stock after selling 80,981 shares during the period. iA Global Asset Management Inc.’s holdings in American Electric Power were worth $9,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEP. First Pacific Financial grew its position in shares of American Electric Power by 1.9% in the first quarter. First Pacific Financial now owns 34,607 shares of the company’s stock valued at $4,536,000 after purchasing an additional 656 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of American Electric Power in the first quarter valued at approximately $427,000. Harbor Investment Advisory LLC lifted its position in American Electric Power by 182.2% during the first quarter. Harbor Investment Advisory LLC now owns 2,345 shares of the company’s stock worth $307,000 after buying an additional 1,514 shares in the last quarter. MQS Management LLC purchased a new position in American Electric Power during the first quarter worth approximately $409,000. Finally, Premier Path Wealth Partners LLC boosted its stake in American Electric Power by 5.3% during the first quarter. Premier Path Wealth Partners LLC now owns 9,132 shares of the company’s stock worth $1,197,000 after buying an additional 462 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEP has been the subject of a number of recent research reports. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company boosted their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Scotiabank upped their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Finally, The Goldman Sachs Group lifted their target price on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Thirteen research 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.com, American Electric Power presently has an average rating of “Moderate Buy” and an average target price of $141.38.

American Electric Power Price Performance

Shares of AEP opened at $135.05 on Thursday. American Electric Power Company, Inc. has a 1-year low of $102.39 and a 1-year high of $139.44. The stock has a market cap of $73.48 billion, a PE ratio of 19.83, a P/E/G ratio of 2.50 and a beta of 0.51. The firm has a 50-day simple moving average of $130.94 and a two-hundred day simple moving average of $126.99. 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 (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the business posted $1.54 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s 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.