American Electric Power Company, Inc. $AEP Stock Holdings Lowered by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 17.3% in the 1st quarter, Holdings Channel reports. The firm owned 29,321 shares of the company’s stock after selling 6,152 shares during the period. SteelPeak Wealth LLC’s holdings in American Electric Power were worth $3,843,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AEP. Essex Financial Services Inc. grew its position in American Electric Power by 0.9% in the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after buying an additional 75 shares during the last quarter. Cornerstone Advisory LLC lifted its position in shares of American Electric Power by 1.3% during the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after acquiring an additional 75 shares during the last quarter. Financial Enhancement Group LLC boosted its stake in shares of American Electric Power by 3.3% during the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after acquiring an additional 76 shares in the last quarter. J2 Capital Management Inc boosted its stake in shares of American Electric Power by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after acquiring an additional 79 shares in the last quarter. Finally, Bogart Wealth LLC grew its holdings in shares of American Electric Power by 2.9% in the 1st quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock worth $381,000 after acquiring an additional 82 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial cut their target price on American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company increased their price target on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group lifted their price target on American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, April 20th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and an average price target of $141.48.

American Electric Power Stock Performance

Shares of AEP stock opened at $133.13 on Friday. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 2.43 and a beta of 0.52. American Electric Power Company, Inc. has a 1-year low of $105.02 and a 1-year high of $140.58. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $131.24 and its 200-day simple moving average is $128.59.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company posted $1.54 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, sell-side 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 business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio is 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.