New York State Teachers Retirement System Sells 15,250 Shares of American Electric Power Company, Inc. $AEP

New York State Teachers Retirement System reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 459,125 shares of the company’s stock after selling 15,250 shares during the period. New York State Teachers Retirement System’s holdings in American Electric Power were worth $60,182,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AEP. Soroban Capital Partners LP boosted its stake in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of American Electric Power by 357.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after purchasing an additional 1,529,662 shares during the last quarter. State Street Corp raised its stake in shares of American Electric Power by 5.2% in the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after purchasing an additional 1,514,865 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of American Electric Power by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after purchasing an additional 1,285,279 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on AEP. LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. BMO Capital Markets decreased their target price 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. Citigroup upped their target price on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group raised their price target on shares of American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. cut their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.38.

American Electric Power Price Performance

NASDAQ AEP opened at $138.51 on Friday. American Electric Power Company, Inc. has a 12 month low of $102.39 and a 12 month high of $139.44. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The stock has a market cap of $75.36 billion, a PE ratio of 20.34, a P/E/G ratio of 2.54 and a beta of 0.52. The stock’s 50 day moving average is $131.21 and its 200 day moving average is $127.25.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Research analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

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