Los Angeles Capital Management LLC Sells 6,577 Shares of American Electric Power Company, Inc. $AEP

Los Angeles Capital Management LLC reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,760 shares of the company’s stock after selling 6,577 shares during the quarter. Los Angeles Capital Management LLC’s holdings in American Electric Power were worth $4,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tradition Wealth Management LLC grew its stake in shares of American Electric Power by 5.0% in the fourth quarter. Tradition Wealth Management LLC now owns 2,612 shares of the company’s stock valued at $301,000 after acquiring an additional 124 shares in the last quarter. XML Financial LLC grew its stake in shares of American Electric Power by 35.0% in the fourth quarter. XML Financial LLC now owns 3,187 shares of the company’s stock valued at $367,000 after acquiring an additional 827 shares in the last quarter. Nemes Rush Group LLC grew its stake in shares of American Electric Power by 16.4% in the fourth quarter. Nemes Rush Group LLC now owns 1,312 shares of the company’s stock valued at $151,000 after acquiring an additional 185 shares in the last quarter. Havemeyer Place LP acquired a new position in shares of American Electric Power in the fourth quarter valued at about $483,000. Finally, Vestcor Inc grew its stake in shares of American Electric Power by 11.8% in the fourth quarter. Vestcor Inc now owns 54,138 shares of the company’s stock valued at $6,243,000 after acquiring an additional 5,710 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEP. JPMorgan Chase & Co. reduced their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research note on Friday, February 20th. Raymond James Financial reiterated an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective on the stock in a research note on Friday, February 13th. Finally, The Goldman Sachs Group increased their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.10.

American Electric Power Stock Down 1.8%

Shares of NASDAQ AEP opened at $126.77 on Tuesday. The company has a 50 day simple moving average of $131.48 and a 200 day simple moving average of $125.50. The firm has a market cap of $68.98 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.57 and a beta of 0.53. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business earned $1.54 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) 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.