Sigma Planning Corp Increases Holdings in American Electric Power Company, Inc. $AEP

Sigma Planning Corp increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 73.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,080 shares of the company’s stock after buying an additional 7,674 shares during the quarter. Sigma Planning Corp’s holdings in American Electric Power were worth $2,473,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AEP. Alyeska Investment Group L.P. increased its position in American Electric Power by 17.2% during the 2nd quarter. Alyeska Investment Group L.P. now owns 172,030 shares of the company’s stock worth $23,535,000 after purchasing an additional 25,208 shares during the period. Greenleaf Trust lifted its holdings in American Electric Power by 1.2% in the 2nd quarter. Greenleaf Trust now owns 11,485 shares of the company’s stock valued at $1,571,000 after purchasing an additional 135 shares in the last quarter. Capital Advisors Inc. OK boosted its holdings in shares of American Electric Power by 2.9% during the second quarter. Capital Advisors Inc. OK now owns 8,806 shares of the company’s stock worth $1,205,000 after purchasing an additional 248 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of American Electric Power by 9.3% in the second quarter. New Mexico Educational Retirement Board now owns 26,938 shares of the company’s stock worth $3,685,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Mufg Securities Americas Inc. boosted its holdings in American Electric Power by 9.5% in the second quarter. Mufg Securities Americas Inc. now owns 16,388 shares of the company’s stock valued at $2,242,000 after acquiring an additional 1,422 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. JPMorgan Chase & Co. reduced their price target on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, May 15th. TD Cowen raised their price target on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Mizuho reduced their target price on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, Barclays decreased their price objective on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $122.43 on Tuesday. The firm has a 50 day simple moving average of $130.26 and a 200 day simple moving average of $130.65. The firm has a market cap of $66.65 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.23 and a beta of 0.52. American Electric Power Company, Inc. has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. 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 (NASDAQ:AEP) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 6.37 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s dividend payout ratio is currently 65.18%.

American Electric Power 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.