Commonwealth Financial Services LLC Sells 12,957 Shares of American Electric Power Company, Inc. $AEP

Commonwealth Financial Services LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 63.2% in the third quarter, Holdings Channel reports. The institutional investor owned 7,535 shares of the company’s stock after selling 12,957 shares during the quarter. Commonwealth Financial Services LLC’s holdings in American Electric Power were worth $894,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AEP. BlackRock Inc. purchased a new position in American Electric Power during the second quarter worth about $6,980,601,000. Pictet Asset Management Holding SA raised its holdings in shares of American Electric Power by 43.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,688,208 shares of the company’s stock valued at $221,290,000 after buying an additional 513,305 shares during the period. Silvant Capital Management LLC purchased a new stake in American Electric Power during the 2nd quarter worth $2,278,000. Bellars Harris Wealth Management LLC purchased a new position in American Electric Power in the 2nd quarter valued at about $10,377,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of American Electric Power in the 2nd quarter valued at approximately $8,448,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Key Stories Impacting American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP raised its quarterly dividend by $0.02 to $0.97 per share, payable Dec. 10 to shareholders of record Nov. 10. The increase signals continued confidence in cash-flow generation and enhances the stock’s income appeal. AEP Increases Quarterly Dividend to 97 Cents a Share
• Positive Sentiment: AEP, Amazon and X-energy agreed to study a proposed 960-megawatt advanced nuclear project in Indiana. Amazon is expected to provide development capital, while the project could support rising electricity demand and expand AEP’s regulated-generation growth opportunities without shifting development costs to customers. AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
• Neutral Sentiment: The nuclear initiative remains in the feasibility and development stage, so its benefits are long term and depend on regulatory approvals, financing, construction and technology execution. AEP said agreements are intended to protect customers and investors from development risk. American Electric Power, X-Energy Explore Development of Small Modular Reactor Project
• Neutral Sentiment: AEP is seeking public input on a planned transmission-line upgrade across four Indiana counties. The project could improve grid reliability and accommodate demand growth, but it may also face permitting and community opposition. AEP Transmission Project
• Negative Sentiment: JPMorgan lowered its AEP price target from $140 to $135 and maintained a neutral rating, implying limited near-term upside from recent trading levels.
• Negative Sentiment: A separate analysis indicated AEP could be approximately 11% overvalued following the generator-related deal, reinforcing concerns that the stock’s valuation may already reflect some future growth expectations.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AEP shares. Truist Financial decreased their target price on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Jefferies Financial Group set a $135.00 target price on shares of American Electric Power in a report on Monday. Barclays lowered their price objective on American Electric Power from $129.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. BTIG Research upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Tuesday. Finally, KeyCorp upgraded American Electric Power from a “sector weight” rating to an “overweight” rating and set a $133.00 target price for the company in a research note on Monday, October 12th. Fifteen research analysts have rated the stock with a Buy rating and eight have given 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 a consensus price target of $137.87.

Insider Buying and Selling

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at $1,982,000. This represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

American Electric Power Stock Up 2.3%

AEP traded up $2.82 during trading on Tuesday, hitting $127.54. The company had a trading volume of 904,500 shares, compared to its average volume of 3,955,851. American Electric Power Company, Inc. has a one year low of $112.54 and a one year high of $140.58. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The firm’s 50-day moving average price is $122.67 and its 200 day moving average price is $128.56. The company has a market capitalization of $69.43 billion, a PE ratio of 21.88, a PEG ratio of 2.63 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts expect that American Electric Power Company, Inc. will post 6.39 earnings per share for the current year.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.