Twin Tree Management LP Buys Shares of 7,647 American Electric Power Company, Inc. $AEP

Twin Tree Management LP purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,647 shares of the company’s stock, valued at approximately $1,046,000.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. increased its stake in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Costello Asset Management INC raised its holdings in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. Legacy Wealth Managment LLC ID raised its holdings in American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC bought a new position in American Electric Power in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 3.8%

American Electric Power stock opened at $120.94 on Friday. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The stock has a market cap of $65.84 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.17 and a beta of 0.52. The company’s 50-day moving average price is $131.01 and its two-hundred day moving average price is $130.48. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.American Electric Power’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts expect that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s payout ratio is presently 65.18%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several research reports. Barclays lowered their price objective on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Citigroup lowered their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Raymond James Financial reissued an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. BMO Capital Markets reduced their price objective on American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH reduced their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.19.

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.