Pacer Advisors Inc. Lowers Stock Position in American Electric Power Company, Inc. $AEP

Pacer Advisors Inc. cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 39.3% in the first quarter, HoldingsChannel reports. The fund owned 54,132 shares of the company’s stock after selling 35,030 shares during the period. Pacer Advisors Inc.’s holdings in American Electric Power were worth $7,096,000 as of its most recent filing with the Securities and Exchange Commission.

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

American Electric Power Trading Down 1.5%

Shares of American Electric Power stock opened at $126.47 on Thursday. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $131.62 and a 200-day moving average price of $130.05. The firm has a market cap of $68.85 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.30 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. American Electric Power’s quarterly revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 6.36 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio is 65.18%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEP. TD Cowen increased their price target on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. The Goldman Sachs Group increased their target price on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Raymond James Financial reissued an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Wall Street Zen downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Citigroup cut their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.71.

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.