WINTON GROUP Ltd Buys New Stake in American Electric Power Company, Inc. $AEP

WINTON GROUP Ltd purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, Holdings Channel.com reports. The fund purchased 10,200 shares of the company’s stock, valued at approximately $1,395,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its position in shares of American Electric Power by 118.0% in the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the period. Costello Asset Management INC grew its position in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of American Electric Power during the 2nd quarter valued at about $27,000. Caitlin John LLC purchased a new position in shares of American Electric Power in the 2nd quarter valued at about $27,000. Finally, Union Savings Bank purchased a new position in shares of American Electric Power in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent analyst reports. Citigroup lowered their price target on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Thursday, August 27th. Barclays reduced their target price on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. BMO Capital Markets decreased their target price on American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

American Electric Power Price Performance

NASDAQ:AEP opened at $123.33 on Friday. 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 50 day moving average of $127.97 and a two-hundred day moving average of $130.38. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The firm has a market cap of $67.14 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 2.61 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). The firm had revenue of $5.45 billion during 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 business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 6.38 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, August 10th. American Electric Power’s dividend payout ratio is currently 65.18%.

Insiders Place Their Bets

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

About American Electric Power

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.