Mainstay Capital Management LLC ADV Sells 15,866 Shares of American Electric Power Company, Inc. $AEP

Mainstay Capital Management LLC ADV decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 50.6% in the 3rd quarter, Holdings Channel reports. The fund owned 15,472 shares of the company’s stock after selling 15,866 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in American Electric Power were worth $1,741,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. West Family Investments Inc. purchased a new position in shares of American Electric Power in the second quarter worth about $256,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of American Electric Power by 462.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after buying an additional 43,533 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of American Electric Power by 228.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after buying an additional 35,938 shares in the last quarter. Invesco Ltd. boosted its holdings in American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after buying an additional 432,441 shares during the period. Finally, CWM LLC grew its stake in American Electric Power by 807.5% in the 3rd quarter. CWM LLC now owns 263,751 shares of the company’s stock valued at $29,672,000 after buying an additional 234,689 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 2.0%

AEP opened at $130.97 on Thursday. The firm has a market capitalization of $71.11 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $135.00. The company has a fifty day moving average price of $125.26 and a 200-day moving average price of $119.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s dividend payout ratio is currently 56.72%.

Wall Street Analyst Weigh In

AEP has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on American Electric Power from $125.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Barclays boosted their price objective on American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. The Goldman Sachs Group raised their target price on American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Evercore lifted their target price on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. 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, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $135.90.

Insider Activity

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.07% of the company’s stock.

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.