Martingale Asset Management L P Lowers Stock Position in American Electric Power Company, Inc. $AEP

Martingale Asset Management L P lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 164,802 shares of the company’s stock after selling 4,723 shares during the period. Martingale Asset Management L P’s holdings in American Electric Power were worth $19,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AEP. Activest Wealth Management raised its holdings in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Optima Capital LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at about $26,000. Rakuten Securities Inc. increased its holdings in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after buying an additional 219 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID increased its holdings in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AEP. Evercore raised their price objective on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Seaport Research Partners upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, April 20th. Barclays raised their price objective on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.10.

American Electric Power Price Performance

AEP opened at $129.23 on Friday. The company has a market capitalization of $70.31 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.56 and a beta of 0.53. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $131.28 and a 200-day moving average price of $125.67. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44.

American Electric Power (NASDAQ:AEP) last posted 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. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

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.