Wealthstar Advisors LLC Sells 13,712 Shares of American Electric Power Company, Inc. $AEP

Wealthstar Advisors LLC reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 88.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,865 shares of the company’s stock after selling 13,712 shares during the quarter. Wealthstar Advisors LLC’s holdings in American Electric Power were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Soroban Capital Partners LP grew its holdings in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after acquiring an additional 2,555,415 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of American Electric Power by 357.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after purchasing an additional 1,529,662 shares during the period. State Street Corp lifted its stake in shares of American Electric Power by 5.2% in the 4th quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the period. AQR Capital Management LLC boosted its position in shares of American Electric Power by 118.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after purchasing an additional 1,285,279 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

Shares of AEP stock opened at $138.51 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 12-month low of $102.39 and a 12-month high of $139.44. The firm has a fifty day moving average of $131.21 and a 200-day moving average of $127.25. The firm has a market capitalization of $75.36 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52.

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

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.7%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AEP shares. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a report on Friday, May 8th. Scotiabank raised their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. UBS Group boosted their target price on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Truist Financial lowered their price target on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Finally, Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Monday, April 20th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.38.

American Electric Power 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.