Matrix Asset Advisors Inc. NY Lowers Position in American Electric Power Company, Inc. $AEP

Matrix Asset Advisors Inc. NY trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,281 shares of the company’s stock after selling 5,835 shares during the quarter. American Electric Power accounts for approximately 1.9% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 19th largest holding. Matrix Asset Advisors Inc. NY’s holdings in American Electric Power were worth $21,365,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AEP. State Street Corp lifted its position in American Electric Power by 1.4% in the third quarter. State Street Corp now owns 28,922,911 shares of the company’s stock valued at $3,253,827,000 after purchasing an additional 406,445 shares during the period. Invesco Ltd. increased its position in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares during the period. Ameriprise Financial Inc. raised its stake in shares of American Electric Power by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after buying an additional 1,285,279 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after buying an additional 2,763,328 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of American Electric Power by 8.0% in the 3rd quarter. Alliancebernstein L.P. now owns 5,223,848 shares of the company’s stock valued at $587,683,000 after buying an additional 388,540 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Up 0.5%

Shares of AEP stock opened at $131.67 on Thursday. The stock has a market cap of $71.57 billion, a P/E ratio of 19.65, a P/E/G ratio of 3.08 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $135.00. The business has a fifty day simple moving average of $127.47 and a 200-day simple moving average of $120.45.

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

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio is currently 56.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AEP shares. Wall Street Zen upgraded American Electric Power from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Wells Fargo & Company upped 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. Barclays increased their price target on shares of American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Morgan Stanley boosted their price objective on shares of American Electric Power from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Finally, Williams Trading set a $137.00 target price on shares of American Electric Power in a report on Thursday, December 18th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the transaction, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.07% of the company’s stock.

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.