American Electric Power (NASDAQ:AEP) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of American Electric Power (NASDAQ:AEP) from a hold rating to a sell rating in a report issued on Saturday.

AEP has been the topic of a number of other reports. Scotiabank lifted their price objective on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 16th. Evercore reaffirmed an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Wells Fargo & Company boosted their price target on shares of American Electric Power from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. The Goldman Sachs Group increased their price target on shares of American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Mizuho lifted their price objective on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $131.28.

American Electric Power Trading Up 2.1%

NASDAQ AEP opened at $132.03 on Friday. The firm’s fifty day moving average is $119.32 and its two-hundred day moving average is $116.69. American Electric Power has a one year low of $97.46 and a one year high of $132.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market cap of $71.41 billion, a PE ratio of 19.71, a P/E/G ratio of 3.04 and a beta of 0.62.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Analysts expect that American Electric Power will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio is 56.72%.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Electric Power

Several institutional investors have recently bought and sold shares of the business. PFG Investments LLC boosted its position in American Electric Power by 0.3% in the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after buying an additional 83 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of American Electric Power by 15.0% in the fourth quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock worth $74,000 after acquiring an additional 83 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its holdings in American Electric Power by 4.1% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock valued at $251,000 after purchasing an additional 85 shares during the last quarter. KCM Investment Advisors LLC grew its stake in American Electric Power by 1.3% during the 4th quarter. KCM Investment Advisors LLC now owns 6,641 shares of the company’s stock valued at $766,000 after purchasing an additional 85 shares in the last quarter. Finally, Vectors Research Management LLC grew its stake in American Electric Power by 0.4% during the 4th quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock valued at $2,703,000 after purchasing an additional 86 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

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.