Morningstar Investment Management LLC Cuts Stock Holdings in American Electric Power Company, Inc. $AEP

Morningstar Investment Management LLC decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 81.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,614 shares of the company’s stock after selling 16,298 shares during the period. Morningstar Investment Management LLC’s holdings in American Electric Power were worth $417,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Baron Silver Stevens Financial Advisors LLC boosted its position in shares of American Electric Power by 4.1% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock valued at $251,000 after buying an additional 85 shares during the last quarter. Vectors Research Management LLC boosted its position in shares of American Electric Power by 0.4% during the fourth quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock valued at $2,703,000 after buying an additional 86 shares during the last quarter. Strategic Advisors LLC boosted its position in shares of American Electric Power by 0.3% during the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after buying an additional 87 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of American Electric Power by 16.2% during the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after buying an additional 88 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its position in shares of American Electric Power by 6.8% during the third quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock valued at $159,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

AEP has been the topic of several analyst reports. Citigroup lifted their target price on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Mizuho lifted their target price on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley dropped their price target on American Electric Power from $136.00 to $129.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.24.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $131.59 on Tuesday. The business’s fifty day simple moving average is $131.98 and its 200 day simple moving average is $125.09. The firm has a market capitalization of $71.60 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 2.62 and a beta of 0.56. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.American Electric Power’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Insider Activity

In other American Electric Power news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

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.