USA Financial Formulas Cuts Stock Position in American Electric Power Company, Inc. $AEP

USA Financial Formulas lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 49.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,510 shares of the company’s stock after selling 7,278 shares during the period. USA Financial Formulas’ holdings in American Electric Power were worth $984,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AEP. Brighton Jones LLC lifted its holdings in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares in the last quarter. Acadian Asset Management LLC bought a new position in American Electric Power in the 1st quarter worth approximately $320,000. Sivia Capital Partners LLC grew its holdings in American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after buying an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after buying an additional 105 shares in the last quarter. Finally, AXA S.A. raised its position in shares of American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after buying an additional 38,684 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Monday, June 1st. JPMorgan Chase & Co. cut their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Barclays reduced their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, April 20th. Finally, TD Cowen increased their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $140.71.

American Electric Power Stock Up 0.2%

Shares of NASDAQ AEP opened at $125.60 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The firm’s 50-day moving average price is $131.31 and its 200-day moving average price is $130.27. The stock has a market capitalization of $68.38 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.25 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior 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, equities research analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s payout ratio is currently 65.18%.

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.