UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 24.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,310,019 shares of the company’s stock after selling 740,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Electric Power were worth $316,034,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Costello Asset Management INC increased its holdings in shares of American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID increased its holdings in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after acquiring an additional 154 shares in the last quarter. Basepoint Wealth LLC acquired a new position in American Electric Power during the fourth quarter worth $27,000. Union Savings Bank purchased a new position in American Electric Power during the fourth quarter valued at $27,000. Finally, Elevation Wealth Partners LLC lifted its holdings in American Electric Power by 118.0% during the second 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. Hedge funds and other institutional investors own 75.24% of the company’s stock.
Analysts Set New Price Targets
AEP has been the subject of a number of research reports. Citigroup cut their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Barclays decreased their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. TD Cowen lifted their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Truist Financial cut 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. Finally, Mizuho reduced their target price on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.19.
American Electric Power Price Performance
Shares of NASDAQ AEP opened at $122.43 on Tuesday. The firm has a 50-day simple moving average of $130.26 and a 200-day simple moving average of $130.65. The stock has a market capitalization of $66.65 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. 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 Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share 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 return on equity of 9.95% and a net margin of 13.78%.The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.
American Electric Power Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power’s payout ratio is currently 65.18%.
American Electric Power Company 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.
Read More
- Five stocks we like better than American Electric Power
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP – Free Report).
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.
