TKG Advisors LLC Cuts Stock Holdings in American Electric Power Company, Inc. $AEP

TKG Advisors LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 53.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,518 shares of the company’s stock after selling 12,203 shares during the quarter. TKG Advisors LLC’s holdings in American Electric Power were worth $1,379,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AEP. Soroban Capital Partners LP boosted its holdings in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after acquiring an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of American Electric Power by 357.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after purchasing an additional 1,529,662 shares during the last quarter. State Street Corp lifted its position in shares of American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares in the last quarter. AQR Capital Management LLC boosted its holdings in American Electric Power by 118.2% during the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after purchasing an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in American Electric Power by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after purchasing an additional 1,285,279 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

Shares of AEP stock opened at $135.05 on Thursday. The firm has a market cap of $73.48 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a 52 week low of $102.39 and a 52 week high of $139.44. The firm’s 50-day simple moving average is $130.94 and its two-hundred day simple moving average is $126.99.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share 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 firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The company’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. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.8%. American Electric Power’s dividend payout ratio is presently 55.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AEP shares. Jefferies Financial Group increased their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, April 20th. Finally, UBS Group boosted their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus price target of $141.38.

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.