Hudson Edge Investment Partners Inc. Sells 7,077 Shares of American Electric Power Company, Inc. $AEP

Hudson Edge Investment Partners Inc. cut its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.2% during the 1st quarter, HoldingsChannel reports. The firm owned 56,072 shares of the company’s stock after selling 7,077 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in American Electric Power were worth $7,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEP. Vanguard Group Inc. increased its position in shares of American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock valued at $6,053,417,000 after buying an additional 828,588 shares in the last quarter. State Street Corp lifted its holdings in American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock worth $3,509,780,000 after acquiring an additional 1,514,865 shares in the last quarter. Morgan Stanley lifted its holdings in American Electric Power by 1.9% during the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock worth $1,690,659,000 after acquiring an additional 271,879 shares in the last quarter. Geode Capital Management LLC lifted its holdings in American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after acquiring an additional 83,285 shares in the last quarter. Finally, Barclays PLC grew its stake in American Electric Power by 0.5% in the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock valued at $1,225,381,000 after acquiring an additional 57,807 shares during the period. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

NASDAQ AEP opened at $138.51 on Friday. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.54 and a beta of 0.52. The stock’s 50 day moving average price is $131.21 and its two-hundred day moving average price is $127.25. 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.

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

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.7%. American Electric Power’s dividend payout ratio is presently 55.80%.

Analyst Ratings Changes

Several brokerages have commented on AEP. LADENBURG THALM/SH SH dropped their target price on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Morgan Stanley upped their price target on shares of American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. TD Cowen increased their price objective on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Citigroup raised their price objective on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Mizuho boosted their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.