American Electric Power Company, Inc. $AEP Position Cut by SteelPeak Wealth LLC

SteelPeak Wealth LLC decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 17.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,321 shares of the company’s stock after selling 6,152 shares during the quarter. SteelPeak Wealth LLC’s holdings in American Electric Power were worth $3,843,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management lifted its position in American Electric Power by 72.2% in 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 position in American Electric Power in the 4th quarter worth about $26,000. Rakuten Securities Inc. increased its stake in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Costello Asset Management INC increased its stake in shares of American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of 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 last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.5%

Shares of NASDAQ:AEP opened at $133.13 on Friday. The company has a 50 day moving average of $131.24 and a 200-day moving average of $128.59. The firm has a market cap of $72.44 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.43 and a beta of 0.52. American Electric Power Company, Inc. has a twelve month low of $105.02 and a twelve month high of $140.58. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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 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 quarter last year, the business earned $1.54 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AEP shares. LADENBURG THALM/SH SH reduced their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group raised their target price 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. Barclays lifted their target price on American Electric Power from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday. Scotiabank boosted their price target on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average price target of $141.48.

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.