American Electric Power Company, Inc. $AEP Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,065 shares of the company’s stock after selling 7,914 shares during the quarter. HB Wealth Management LLC’s holdings in American Electric Power were worth $6,029,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nilsine Partners LLC increased its holdings in American Electric Power by 69.7% in the 2nd quarter. Nilsine Partners LLC now owns 6,910 shares of the company’s stock worth $945,000 after buying an additional 2,839 shares during the period. Saudi Central Bank lifted its stake in American Electric Power by 93.0% during the 2nd quarter. Saudi Central Bank now owns 38,049 shares of the company’s stock valued at $5,205,000 after acquiring an additional 18,335 shares during the period. Compass Financial Management LLC purchased a new stake in shares of American Electric Power in the 2nd quarter valued at $543,000. NBH Bank purchased a new stake in shares of American Electric Power in the 2nd quarter valued at $765,000. Finally, AlphaGrep UK Ltd acquired a new stake in shares of American Electric Power in the second quarter worth $268,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ AEP opened at $124.50 on Tuesday. The stock has a market capitalization of $67.78 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.63 and a beta of 0.51. The stock has a 50-day moving average of $129.01 and a 200 day moving average of $130.51. 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 twelve month low of $105.70 and a twelve month high of $140.58.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.39 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AEP. LADENBURG THALM/SH SH decreased their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. TD Cowen boosted their price objective on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lowered their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Barclays dropped their target price on 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. Finally, Mizuho cut their target price on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Company Profile

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.