American Electric Power Company, Inc. $AEP Shares Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,075 shares of the company’s stock after buying an additional 7,072 shares during the quarter. CoreCap Advisors LLC’s holdings in American Electric Power were worth $7,246,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC increased its stake in American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares during the period. Costello Asset Management INC boosted its stake in shares of American Electric Power by 100.0% in the first quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Parvin Asset Management LLC acquired a new position in shares of American Electric Power in the second quarter valued at approximately $27,000. Caitlin John LLC purchased a new stake in American Electric Power during the 2nd quarter worth approximately $27,000. Finally, Premier Financial Group purchased a new stake in American Electric Power during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent research reports. Truist Financial decreased their price target on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Citigroup cut their price objective on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. LADENBURG THALM/SH SH decreased their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Finally, Scotiabank cut their price target on American Electric Power from $140.00 to $131.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 30th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.62.

American Electric Power Stock Up 0.2%

Shares of American Electric Power stock traded up $0.24 during trading on Thursday, hitting $122.32. 2,769,096 shares of the stock were exchanged, compared to its average volume of 3,999,807. 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’s 50-day moving average price is $122.98 and its 200 day moving average price is $128.80. The stock has a market cap of $66.59 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.58 and a beta of 0.48. American Electric Power Company, Inc. has a 12-month low of $112.54 and a 12-month high of $140.58.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, analysts forecast that American Electric Power Company, Inc. will post 6.38 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 Thursday, September 10th. Investors of record on Monday, August 10th were paid a dividend of $0.95 per share. The ex-dividend date was Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s payout ratio is presently 65.18%.

Insiders Place Their Bets

In related news, CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by insiders.

American Electric Power Profile

American Electric Power (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.

AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.