USA Financial Formulas Reduces Position in American Electric Power Company, Inc. $AEP

USA Financial Formulas reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 49.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,510 shares of the company’s stock after selling 7,278 shares during the quarter. USA Financial Formulas’ holdings in American Electric Power were worth $984,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Essex Financial Services Inc. raised its holdings in shares of American Electric Power by 0.9% in the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after buying an additional 75 shares during the period. Cornerstone Advisory LLC boosted its holdings in American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after acquiring an additional 75 shares during the period. Financial Enhancement Group LLC boosted its holdings 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 valued at $319,000 after acquiring an additional 76 shares during the period. Community Trust & Investment Co. grew its position in American Electric Power by 1.7% in the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after acquiring an additional 77 shares during the last quarter. Finally, J2 Capital Management Inc grew its position in American Electric Power by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.2%

AEP opened at $125.60 on Friday. The firm has a market cap of $68.38 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.25 and a beta of 0.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The stock has a fifty day moving average price of $131.31 and a 200-day moving average price of $130.27.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio is presently 65.18%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AEP. Wells Fargo & Company increased their target price 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. Mizuho cut their price target on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. TD Cowen raised their price target on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Citigroup decreased their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $140.71.

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.