American Electric Power Company, Inc. $AEP Shares Sold by GTS Securities LLC

GTS Securities LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 68.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,647 shares of the company’s stock after selling 5,695 shares during the quarter. GTS Securities LLC’s holdings in American Electric Power were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC boosted its position in shares of American Electric Power by 118.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Costello Asset Management INC raised its holdings in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of American Electric Power in the 2nd quarter worth approximately $27,000. Caitlin John LLC bought a new stake in shares of American Electric Power in the 2nd quarter worth approximately $27,000. Finally, Activest Wealth Management lifted its stake in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

AEP stock opened at $122.31 on Monday. American Electric Power Company, Inc. has a 52-week low of $105.70 and a 52-week high of $140.58. The company’s 50 day simple moving average is $130.42 and its 200-day simple moving average is $130.64. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. The firm has a market capitalization of $66.59 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.23 and a beta of 0.52.

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

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend 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%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AEP. BMO Capital Markets decreased their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Barclays cut their price objective on 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. Truist Financial reduced their price objective on American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. LADENBURG THALM/SH SH decreased their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Finally, Citigroup reduced 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. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and a consensus target price of $140.19.

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.