Raleigh Capital Management Inc. Sells 9,067 Shares of American Electric Power Company, Inc. $AEP

Raleigh Capital Management Inc. lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 77.1% during the first quarter, Holdings Channel reports. The institutional investor owned 2,686 shares of the company’s stock after selling 9,067 shares during the quarter. Raleigh Capital Management Inc.’s holdings in American Electric Power were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Activest Wealth Management lifted its holdings in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Optima Capital LLC bought a new stake in American Electric Power in the fourth quarter valued at about $26,000. Rakuten Securities Inc. increased its stake in American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Legacy Wealth Managment LLC ID raised its position in American Electric Power by 200.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares in the last quarter. Finally, Basepoint Wealth LLC acquired a new position in American Electric Power in the fourth quarter worth about $27,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent research reports. Truist Financial decreased their price objective on American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 29th. TD Cowen raised their target price on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. UBS Group boosted their price target on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. JPMorgan Chase & Co. lowered their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.38.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $138.51 on Monday. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.54 and a beta of 0.52. The firm’s 50-day moving average price is $131.21 and its two-hundred day moving average price is $127.33. 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 Company, Inc. has a 1-year low of $102.39 and a 1-year high of $139.44.

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

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.7%. American Electric Power’s payout ratio is currently 55.80%.

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.