Janney Montgomery Scott LLC Decreases Holdings in American Electric Power Company, Inc. $AEP

Janney Montgomery Scott LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 238,136 shares of the company’s stock after selling 4,028 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American Electric Power were worth $31,215,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AEP. Activest Wealth Management grew its holdings in shares of American Electric Power by 72.2% during the 4th 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. Optima Capital LLC bought a new stake in American Electric Power in the fourth quarter worth $26,000. Rakuten Securities Inc. boosted its position in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Legacy Wealth Managment LLC ID boosted its position 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 valued at $27,000 after buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC bought a new position in shares of American Electric Power during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several analyst reports. Barclays lifted their price objective on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. TD Cowen increased their target price on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. BMO Capital Markets reduced their price target on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research report on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.19.

American Electric Power Stock Down 0.5%

NASDAQ AEP opened at $137.97 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $102.06 and a 1 year high of $139.44. The stock has a market capitalization of $75.07 billion, a PE ratio of 20.26, a PEG ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The business’s 50-day moving average is $130.84 and its 200 day moving average is $126.69.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the company posted $1.54 EPS. American Electric Power’s quarterly 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. Sell-side analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

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.