American Electric Power Company, Inc. $AEP Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,492,979 shares of the company’s stock after selling 123,110 shares during the quarter. American Electric Power makes up 1.0% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 9th largest holding. Allspring Global Investments Holdings LLC’s holdings in American Electric Power were worth $591,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Essex Financial Services Inc. boosted its holdings in shares of American Electric Power by 0.9% during the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after acquiring an additional 75 shares during the period. Cornerstone Advisory LLC grew its position in American Electric Power by 1.3% in the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after purchasing an additional 75 shares during the last quarter. Financial Enhancement Group LLC grew its position in American Electric Power by 3.3% in the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after purchasing an additional 76 shares during the last quarter. J2 Capital Management Inc increased its stake in shares of American Electric Power by 2.0% in the first quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares during the period. Finally, Bogart Wealth LLC increased its stake in shares of American Electric Power by 2.9% in the first quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock valued at $381,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. JPMorgan Chase & Co. lowered their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Barclays lifted their target price on American Electric Power from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday. Truist Financial reduced their price target on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.48.

American Electric Power Price Performance

NASDAQ:AEP opened at $133.13 on Friday. The business’s 50-day moving average price is $131.24 and its 200 day moving average price is $128.59. The firm has a market cap of $72.44 billion, a P/E ratio of 19.55, a PEG ratio of 2.43 and a beta of 0.52. American Electric Power Company, Inc. has a 52-week low of $105.02 and a 52-week high of $140.58. 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 (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the business earned $1.54 earnings per share. American Electric Power’s revenue for the quarter was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s payout ratio is presently 55.80%.

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.