Sigma Planning Corp Buys 7,674 Shares of American Electric Power Company, Inc. $AEP

Sigma Planning Corp lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 73.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,080 shares of the company’s stock after acquiring an additional 7,674 shares during the quarter. Sigma Planning Corp’s holdings in American Electric Power were worth $2,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. HITE Hedge Asset Management LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth $32,032,000. BlackRock Inc. purchased a new stake in American Electric Power in the second quarter worth approximately $6,980,601,000. Dockside LLC purchased a new position in American Electric Power in the 4th quarter worth $1,912,000. Barclays PLC grew its position in American Electric Power by 0.5% during the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after acquiring an additional 57,807 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in American Electric Power during the 4th quarter valued at $2,318,000. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AEP. Jefferies Financial Group lifted their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Barclays reduced their price target on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Thursday. Finally, Raymond James Financial reissued an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Stock Up 0.1%

American Electric Power stock opened at $122.43 on Tuesday. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The company has a market cap of $66.65 billion, a PE ratio of 21.00, a PEG ratio of 2.23 and a beta of 0.52. The business’s 50-day simple moving average is $130.26 and its two-hundred day simple moving average is $130.65.

American Electric Power (NASDAQ:AEP) last posted its 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 for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the business earned $1.43 earnings per share. The firm’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. Equities analysts anticipate that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

The company also recently declared 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 3.1%. American Electric Power’s payout ratio is presently 65.18%.

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.