SummitTX Capital L.P. Buys 42,182 Shares of American Electric Power Company, Inc. $AEP

SummitTX Capital L.P. lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 48.9% during the 1st quarter, HoldingsChannel reports. The firm owned 128,529 shares of the company’s stock after acquiring an additional 42,182 shares during the quarter. American Electric Power accounts for about 0.5% of SummitTX Capital L.P.’s investment portfolio, making the stock its 23rd largest holding. SummitTX Capital L.P.’s holdings in American Electric Power were worth $16,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in American Electric Power by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after buying an additional 828,588 shares in the last quarter. State Street Corp grew its holdings 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 valued at $3,509,780,000 after purchasing an additional 1,514,865 shares in the last quarter. Morgan Stanley increased its position in American Electric Power by 1.9% in the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after purchasing an additional 271,879 shares during the last quarter. Geode Capital Management LLC raised its stake in American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after purchasing an additional 83,285 shares in the last quarter. Finally, Barclays PLC lifted its position in American Electric Power by 0.5% during the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after purchasing an additional 57,807 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

More American Electric Power News

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: KeyCorp raised several forward EPS estimates for American Electric Power, including FY2026, FY2028, FY2029, and FY2030, signaling confidence in the company’s longer-term earnings growth.
• Positive Sentiment: Other coverage highlighted American Electric Power as one of the utilities names analysts are bullish on, and it was also featured as a defensive stock for stability, which can attract investors looking for lower-volatility holdings. Article Title Article Title
• Neutral Sentiment: KeyCorp’s Q2 estimate for AEP came in at $1.50 per share, while consensus full-year earnings remain around $6.35 per share; investors may be waiting for the company’s actual results next week to see whether it can meet or beat expectations. Article Title
• Neutral Sentiment: Short-interest data showed 0 shares short, so there is no meaningful bearish positioning signal from this report.
• Negative Sentiment: BMO Capital Markets issued a pessimistic outlook on AEP’s stock price, which may be tempering enthusiasm despite the broader bullish analyst tone. Article Title

American Electric Power Price Performance

NASDAQ:AEP opened at $135.54 on Monday. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. The company has a 50-day moving average of $131.69 and a 200 day moving average of $129.33. The firm has a market cap of $73.75 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.43 and a beta of 0.52. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

American Electric Power (NASDAQ:AEP) last posted its 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 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 the consensus estimate of $5.72 billion. During the same quarter last year, the firm posted $1.54 EPS. The company’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, research analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AEP. Truist Financial boosted their target price on shares of American Electric Power from $145.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, July 17th. JPMorgan Chase & Co. reduced their price objective on 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. Mizuho raised their price objective on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Morgan Stanley increased their price target on American Electric Power from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $141.71.

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.