American Electric Power Company, Inc. $AEP Stake Cut by Strategic Advisors LLC

Strategic Advisors LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 76.3% in the second quarter, HoldingsChannel reports. The fund owned 6,347 shares of the company’s stock after selling 20,392 shares during the quarter. Strategic Advisors LLC’s holdings in American Electric Power were worth $868,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. F&V Capital Management LLC grew its position in American Electric Power by 2.9% during the second quarter. F&V Capital Management LLC now owns 130,598 shares of the company’s stock valued at $17,867,000 after purchasing an additional 3,695 shares in the last quarter. BTG Pactual Asset Management US LLC raised its holdings in shares of American Electric Power by 1.3% during the second quarter. BTG Pactual Asset Management US LLC now owns 94,224 shares of the company’s stock worth $12,891,000 after acquiring an additional 1,204 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in American Electric Power during the second quarter valued at $1,025,000. Sigma Planning Corp grew its stake in American Electric Power by 73.7% in the second quarter. Sigma Planning Corp now owns 18,080 shares of the company’s stock valued at $2,473,000 after purchasing an additional 7,674 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in American Electric Power by 17.2% in the 2nd quarter. Alyeska Investment Group L.P. now owns 172,030 shares of the company’s stock worth $23,535,000 after purchasing an additional 25,208 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $122.31 on Monday. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month 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 business’s 50 day moving average is $130.42 and its two-hundred day moving average is $130.64. The company has a market cap of $66.59 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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 firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts predict that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s dividend payout ratio is 65.18%.

Analyst Ratings Changes

AEP has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Jefferies Financial Group lifted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. TD Cowen boosted their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Scotiabank raised their price target 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. Finally, LADENBURG THALM/SH SH decreased their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.