44,171 Shares in American Electric Power Company, Inc. $AEP Acquired by Sitrin Capital Management LLC

Sitrin Capital Management LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,171 shares of the company’s stock, valued at approximately $5,240,000. American Electric Power makes up approximately 2.4% of Sitrin Capital Management LLC’s portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Essex Financial Services Inc. lifted its holdings in shares of American Electric Power by 0.9% in the 1st quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock worth $1,077,000 after purchasing an additional 75 shares in the last quarter. Cornerstone Advisory LLC grew its position in American Electric Power by 1.3% in the 1st quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock valued at $764,000 after purchasing an additional 75 shares during the period. Financial Enhancement Group LLC grew its position in American Electric Power by 3.3% in the 1st quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock valued at $319,000 after purchasing an additional 76 shares during the period. Community Trust & Investment Co. grew its position in American Electric Power by 1.7% in the 2nd quarter. Community Trust & Investment Co. now owns 4,730 shares of the company’s stock valued at $647,000 after purchasing an additional 77 shares during the period. Finally, J2 Capital Management Inc increased its stake in American Electric Power by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock valued at $537,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Trending Headlines about American Electric Power

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP, Amazon and X-energy agreed to evaluate a proposed 960-megawatt advanced small modular reactor project at a former coal-plant site in Sullivan County, Indiana. Amazon is expected to provide development capital, while the agreement includes safeguards intended to limit risks to AEP customers and investors. If ultimately built, the project could provide long-term rate-base growth and reliable power amid rising electricity demand. AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
• Neutral Sentiment: The proposed Indiana project remains in the feasibility and development stage, so it is not yet a near-term earnings contributor. The companies are coordinating with state and local stakeholders, and construction would require additional approvals and investment. American Electric Power, X-Energy Explore Development of Small Modular Reactor Project
• Neutral Sentiment: AEP is seeking public input on a planned transmission-line upgrade spanning four Ohio counties. The project could support grid reliability and future demand, but it also faces the normal permitting, community and capital-spending considerations. Residents Asked to Weigh In on AEP Transmission Project
• Negative Sentiment: JPMorgan lowered its AEP price target from $140 to $135 and maintained a neutral rating. Although the revised target implies potential upside, the reduction signals more restrained expectations and is likely weighing on sentiment. Benzinga AEP Price Target Update
• Negative Sentiment: A separate analysis said AEP could be roughly 11% overvalued following its generator-related deal, reinforcing investor concerns that the stock’s valuation may already reflect much of its expected growth. American Electric Power Stock Could Be Overvalued

Insider Transactions at American Electric Power

In related news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was 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. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AEP. Morgan Stanley decreased their target price on American Electric Power from $135.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. TD Cowen restated a “buy” rating on shares of American Electric Power in a research note on Wednesday, September 9th. Citigroup dropped their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. JPMorgan Chase & Co. cut their target price on shares of American Electric Power from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.45.

American Electric Power Stock Down 1.9%

AEP opened at $124.72 on Tuesday. The company has a fifty day moving average price of $122.67 and a 200-day moving average price of $128.56. The firm has a market capitalization of $67.90 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.63 and a beta of 0.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a one year low of $112.54 and a one year high of $140.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results 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). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the company posted $1.43 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

About American Electric Power

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.