Sterling Capital Management LLC lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 48.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,282 shares of the company’s stock after selling 40,434 shares during the period. Sterling Capital Management LLC’s holdings in American Electric Power were worth $5,016,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. XXI Wealth LLC boosted its holdings in American Electric Power by 5.5% in the third quarter. XXI Wealth LLC now owns 2,358 shares of the company’s stock worth $280,000 after purchasing an additional 123 shares in the last quarter. Yousif Capital Management LLC raised its holdings in American Electric Power by 1.1% during the third quarter. Yousif Capital Management LLC now owns 67,848 shares of the company’s stock valued at $8,049,000 after buying an additional 765 shares in the last quarter. MBL Wealth LLC lifted its position in shares of American Electric Power by 51.3% in the third quarter. MBL Wealth LLC now owns 5,808 shares of the company’s stock worth $689,000 after buying an additional 1,970 shares during the last quarter. Strategic Planning Group LLC lifted its position in shares of American Electric Power by 4.5% in the third quarter. Strategic Planning Group LLC now owns 48,062 shares of the company’s stock worth $5,702,000 after buying an additional 2,077 shares during the last quarter. Finally, Indiana Trust & Investment Management Co lifted its position in shares of American Electric Power by 1.8% in the third quarter. Indiana Trust & Investment Management Co now owns 5,667 shares of the company’s stock worth $672,000 after buying an additional 100 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.
American Electric Power News Roundup
Here are the key news stories impacting American Electric Power this week:
- Positive Sentiment: HSBC initiated coverage with a Buy rating and a $145.90 price target, implying meaningful upside from recent levels. Jefferies also maintains a target well above the stock, although it reduced its target to $146 from $148. HSBC coverage article Jefferies price target article
- Positive Sentiment: AI-related electricity demand is strengthening AEP’s growth outlook. The company has contracted large-load capacity additions of 69 gigawatts through 2030, with approximately 90% tied to data centers and cryptocurrency customers. AEP expects operating EPS to grow at more than 9% annually through 2030. AEP dividend and data-center demand article
- Positive Sentiment: AEP raised its quarterly dividend by 2% to $0.97 per share, bringing the forward yield to roughly 3%. Its approximately 65% trailing payout ratio is expected to decline toward 55%, suggesting improved dividend coverage as earnings grow.
- Positive Sentiment: AEP recently moved above its 200-day moving average, a technical signal that some investors interpret as evidence of improving long-term momentum. AEP moving average article
- Neutral Sentiment: Wall Street is focused on AEP’s third-quarter results and key operating metrics. The earnings preview could increase volatility as investors assess whether demand growth is translating into revenue and earnings performance. AEP earnings preview
- Negative Sentiment: Analysts are questioning whether AEP’s aggressive investment required to serve data centers could pressure cash flow and dividend safety. The company’s debt-to-equity ratio is already elevated, making financing and execution risks important issues for income-focused shareholders. AEP dividend risk comparison
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Scotiabank decreased their price target on American Electric Power from $140.00 to $131.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 30th. KeyCorp raised American Electric Power from a “sector weight” rating to an “overweight” rating and set a $133.00 price objective on the stock in a research note on Monday, October 12th. Jefferies Financial Group reduced their target price on American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a report on Thursday. Citigroup decreased their target price on American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Barclays lowered their price target on American Electric Power from $129.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.70.
Get Our Latest Stock Report on American Electric Power
American Electric Power Stock Performance
Shares of NASDAQ AEP opened at $129.69 on Friday. American Electric Power Company, Inc. has a 12 month low of $112.54 and a 12 month high of $140.58. The company has a market cap of $70.60 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.68 and a beta of 0.48. The business’s 50 day moving average is $122.99 and its two-hundred day moving average is $128.48. 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 – Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company 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 expect that American Electric Power Company, Inc. will post 6.40 EPS for the current year.
American Electric Power Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.95. American Electric Power’s dividend payout ratio is currently 65.18%.
Insider Buying and Selling
In related news, CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer directly owned 15,856 shares in the company, valued at $1,982,000. This represents a 11.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Company Profile
American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.
AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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