Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stock Position in American Electric Power Company, Inc. $AEP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 950,691 shares of the company’s stock after selling 105,508 shares during the period. American Electric Power makes up about 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s portfolio, making the stock its 25th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Electric Power were worth $124,617,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank boosted its stake in American Electric Power by 3.9% during the fourth 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 period. HITE Hedge Asset Management LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH lifted 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 worth $33,869,000 after acquiring an additional 8,302 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its stake 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 worth $7,365,000 after purchasing an additional 57,977 shares during the period. Finally, Merit Financial Group LLC grew its holdings in 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 purchasing an additional 9,532 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.2%

NASDAQ:AEP traded up $1.58 during midday trading on Friday, hitting $135.43. The stock had a trading volume of 3,220,907 shares, compared to its average volume of 5,694,446. The stock has a 50-day moving average of $131.29 and a 200 day moving average of $127.97. The company has a market capitalization of $73.69 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.48 and a beta of 0.52. American Electric Power Company, Inc. has a one year low of $103.64 and a one year high of $140.58. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the business earned $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, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid 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 dividend payout ratio is 55.80%.

Wall Street Analyst Weigh In

AEP has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Barclays raised their price target on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Finally, Wells Fargo & Company upped their price objective on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $141.38.

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.