American Electric Power Company, Inc. $AEP Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 64.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,249 shares of the company’s stock after selling 50,093 shares during the period. Patton Fund Management Inc.’s holdings in American Electric Power were worth $3,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Enhancement Group LLC grew its stake in American Electric Power by 3.3% during the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after purchasing an additional 76 shares in the last quarter. J2 Capital Management Inc raised its position in American Electric Power by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of American Electric Power by 15.0% in the 4th quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock valued at $74,000 after buying an additional 83 shares during the period. Baron Silver Stevens Financial Advisors LLC boosted its stake in shares of American Electric Power by 4.1% in the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock valued at $251,000 after buying an additional 85 shares during the period. Finally, KCM Investment Advisors LLC boosted its stake in shares of American Electric Power by 1.3% in the 4th quarter. KCM Investment Advisors LLC now owns 6,641 shares of the company’s stock valued at $766,000 after buying an additional 85 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Trading Up 0.1%

AEP opened at $138.83 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a one year low of $102.06 and a one year high of $139.44. The company has a market cap of $75.54 billion, a P/E ratio of 20.39, a PEG ratio of 2.76 and a beta of 0.53. The business’s 50-day simple moving average is $130.77 and its 200-day simple moving average is $126.53.

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 analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.7%. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of 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. TD Cowen lifted their price target on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. BMO Capital Markets lowered their price target on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a report on Wednesday, April 22nd. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Monday, April 20th. Finally, Truist Financial reduced their price objective on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.19.

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.