Matrix Asset Advisors Inc. NY Lowers Stock Position in American Electric Power Company, Inc. $AEP

Matrix Asset Advisors Inc. NY trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,772 shares of the company’s stock after selling 36,509 shares during the quarter. American Electric Power makes up about 1.8% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 24th biggest position. Matrix Asset Advisors Inc. NY’s holdings in American Electric Power were worth $19,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. Financial Enhancement Group LLC grew its position 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 during the last quarter. J2 Capital Management Inc raised its holdings in shares of American Electric Power by 2.0% in the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after buying an additional 79 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of American Electric Power by 15.0% in the fourth 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 last quarter. Baron Silver Stevens Financial Advisors LLC boosted its stake in shares of American Electric Power by 4.1% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock worth $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% during the fourth quarter. KCM Investment Advisors LLC now owns 6,641 shares of the company’s stock worth $766,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of a number of research reports. Wells Fargo & Company raised their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. BMO Capital Markets decreased their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research report on Wednesday, April 22nd. Argus lifted their target price on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley boosted their target price on American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.19.

American Electric Power Stock Up 0.1%

AEP stock opened at $138.83 on Monday. American Electric Power Company, Inc. has a one year low of $102.06 and a one year high of $139.44. The stock has a market capitalization of $75.54 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company has a fifty day moving average of $130.77 and a 200-day moving average of $126.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $1.54 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s payout ratio is currently 55.80%.

American Electric Power 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.