American Electric Power Company, Inc. $AEP Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 97.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 365 shares of the company’s stock after selling 12,377 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in American Electric Power were worth $42,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares during the period. Optima Capital LLC purchased a new stake in American Electric Power in the 4th quarter valued at about $26,000. Rakuten Securities Inc. raised its holdings in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID raised 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 valued at $27,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AEP. Argus boosted their price objective on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. BMO Capital Markets lowered their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research report on Wednesday, April 22nd. Mizuho boosted their price objective on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group boosted their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Finally, Wells Fargo & Company upped their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $141.10.

American Electric Power Price Performance

AEP stock opened at $129.75 on Wednesday. The company has a market capitalization of $70.60 billion, a P/E ratio of 19.05, a PEG ratio of 2.58 and a beta of 0.53. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The business has a 50 day simple moving average of $131.16 and a 200-day simple moving average of $125.80. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio is 55.80%.

About American Electric Power

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.